NEW YORK (dpa-AFX) – Wall Street recovered somewhat from its weak start to the week on Tuesday after a nervous trade. Recently, investors were increasingly hoping for an economic stimulus package before the upcoming presidential election. The most recent statements about the chances of success were rather contradicting.
The Dow Jones Industrial (Dow Jones 30 Industrial) closed 0.40 percent higher at 28,308.79 points, after having gained 1.4 percent in the meantime. At the beginning of the week, the US benchmark index slipped 1.4 percent into the red.
The market-wide S&P 500 gained 0.47 percent on Tuesday to 3443.12 points. The technology-heavy selection index NASDAQ 100 rose 0.37 percent to 11,677.84 points.
House Democratic spokeswoman Nancy Pelosi recently said the Democrats and the White House were nearing a successful conclusion of the negotiations; however, the Republican-controlled Senate is likely to continue to advocate a smaller deal. Meanwhile, the corona virus continues to rage in the USA./la/he
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