New York Stock Exchange Opens Slightly Higher on Tuesday, Driven by Hope for Falling Interest Rates in 2023

While European markets are closed on December 26, the New York Stock Exchange opened slightly higher on Tuesday.

The New York Stock Exchange opened slightly higher on Tuesday, still driven by the hope that interest rates will fall fairly quickly next year in the United States.

At the start of a shortened week stuck between the Christmas and New Year weekends, the Dow Jones index gained 56.78 points in early trading, or 0.15%, to 37,442.75 points.

The broader Standard & Poor’s 500 rose 0.10% to 4,759.52 points.

The Nasdaq Composite takes 0.23%, or 33.87 points, to 15,026.84 points.

Relatively low expected trading volumes

With many speakers on vacation, volumes should be low throughout the week, especially as the schedule is particularly poor with only unemployment claims expected on Thursday.

Wall Street should therefore maintain the momentum which allowed it to string together eight consecutive weeks of increases, an unprecedented series since the end of 2017 for the S&P-500, the reference for investors, which returned to less than 1% of its closing record of January 2022.

At individual values, Intel is up 2% following the Israeli government’s subsidy for a new chip assembly plant in southern Israel, a $25 billion project.

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2023-12-26 15:09:51
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