The Stock Exchanges in New York Started Trading With Small Gains on Tuesday

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The stock exchanges in New York started trading with small gains on Tuesday. With that, they show something of a recovery after the substantial losses of Monday, when the three most essential indicators closed deep in red due to concerns about the coronavirus.

 

Shortly after the opening bell, the Dow-Jones index was 0.4 percent higher at 28,044 points. The broad S&P 500 won 0.3 percent to 3234 points, and technology level meter Nasdaq gained 0.5 percent on 9271 points.

Monday’s substantial losses followed the coronavirus outbreak in northern Italy at the weekend. The explosive increase in the number of infections in that country made it clear that the virus is becoming an increasingly international problem.

Investors are keeping a close eye on news about the further increase in the number of infections outside of China.

Several significant stock exchange funds published updates on the financial consequences of the epidemic. For example, credit card company Mastercard (minus 1 percent) lowered its expectations about revenue growth this quarter, as the coronavirus puts a brake on international travel and related purchases.

Home Depot also published figures for the fourth quarter. The DIY chain reported an increase in comparable sales and won around 2 percent.

Department store chain Macy’s outperformed average earnings expectations on Wall Street in the last quarter of 2019, helped by strong sales around the festive season. The share went up almost 3 percent.

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