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The Dow Jones industrial average has increased 284.84 points, or 1.18 percent, to 24,418.62 points since the beginning of the session.
Standard & Poor’s 500 rose 33.93 points, or 1.18 percent, to 2,912.41 points, while Nasdaq Composite rose 59.62 points, or 0.68 percent, to 8,789.79 points.
The two-day meeting of the United States Federal Reserve will end on Wednesday, followed by a press conference by FRS chief Jerome Powell.
Economists say it will try to reassure investors and the public that the central bank is still in control during the worst recession since the Great Depression, MarketWatch reports.
Investor optimism is also underpinned by the relaxation of quarantine measures in some US states. USA, including Alaska, Georgia, South Carolina, Tennessee, and Texas.
The previous day, the main US stock indices. USA They rose 1.1 percent to 1.5 percent.
The S&P 500 has increased 11.4 percent since the beginning of the month. and his monthly profit in April may be the highest since 1987, writes the CNBC portal.
“As more states show their willingness to allow certain economic activities to resume, the stock market increasingly reflects the economic recovery,” said James Paulsen, chief investment strategist at investment research firm The Leuthold Group.
Meanwhile, almost 25 percent. The price of the WTI, which fell on Monday, continues to drop on Tuesday as investors shake up these types of oil futures in the coming month as the market continues to oversupply.
“The current divergence in the stock and oil markets may be due to the prospect of new stimulus measures by central banks, especially when the Bank of Japan lifted the government bond cut yesterday, the NIF will meet today and the Bank European Central (ECB) will meet on Thursday. ” Michael Hewson, an analyst at financial brokerage firm CMC Markets, was quoted by MarketWatch as saying.
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