A bullish opening on Wall Street – Indices heading for their worst years since 2008

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After about ten minutes of trading, the Dow Jones was up 0.75 percent, the S&P 500 was up 1.07 percent, and the Nasdaq was up 1.54 percent.

Yesterday, Wall Street ended in decline. Dow Jones packed 1.1 percent, S&P 500 1.2 percent and Nasdaq 1.35 percent. All three indices are heading for their worst year since 2008 with only two trading days left. The Nasdaq has reached the end of its sharp decline, which has fallen by about a third since the beginning of the year so far.

New US jobless claims for the week before December 24th were published today. There were 225,000 new applications, which was the figure in line with the consensus forecast of economists. Last week, there were 216,000 new applications.

Yesterday, after several days of decline, it ended with an increase of more than three percent Tesla it reopened, up more than 7 percent after about ten minutes of trading. Tesla stock is down more than 70 percent since the start of the year and is on track for its worst year in history. Back in January, the electric car company’s stock price was around 400 dollars, while now the price is just under 120 dollars.

Source: Arvopaperi from www.arvopaperi.fi.

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