The Stock Exchanges in New York Started With Gains on Wednesday

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The stock exchanges in New York started the new trading day with gains on Wednesday. Investors later in the day process, among other things, the minutes of the last policy meeting of the US central banks umbrella.

 

Federal Reserve Chairman Jerome Powell previously warned of the economic risks of the lack of additional corona support.

Shortly after the opening bell, the leading Dow-Jones index recorded 1.2 percent higher at 28,089 points. The broad S&P 500 won 1.2 percent to 3399 points, and tech gauge Nasdaq rose 1.3 percent to 11,300 points.

The indicators thus showed some recovery after the losses of the day before due to concerns about the lack of additional crisis support.

The companies focused on Levi Straus after figures. The apparel company posted a profit in the books for the past quarter, helped by strong online sales. Furthermore, turnover was higher than expected. The share was almost 10 percent in the plus.

Wells Fargo won 2.2 percent. The bank is said to have plans to cut more than 700 jobs in the corporate banking branch. It is possible that many thousands of additional jobs could be lost at the large bank to save costs.

The election debate between Vice President Mike Pence and Democratic Vice Presidential candidate Kamala Harris is also being looked forward to.

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