The Dow Jones Industrial Average rose by 329.12 points (1.11%) by 17:38 Moscow time and amounted to 29967.76 points. Standard & Poor's 500 rose by 37.68 points (1.04%) - up to 3659.31 points. Nasdaq Composite added 87.83 points (0.72%) and amounted to 12286.57 points.
The last trading session in November, the US stock market ended in the red, but according to the results of the whole month, the Dow Jones and S&The P 500 saw the highest percentage gain in November since 1928.
The market surge in November was mainly driven by optimism about the development of a COVID-19 vaccine. At the same time, some analysts believe that the rally in the stock market may be restrained by growing concerns about the continued high incidence of coronavirus in the absence of new measures of state support for the economy, writes MarketWatch..
Tesla (NASDAQ: TSLA) Inc. on Tuesday rise in price by 3.6%, after S&P Dow Jones Indices Announces Electric Vehicle Maker Shares To Be Included In S Index&P 500 in whole on December 21st, not in parts.
AdaptHealth Corp. jumped 12.5%. US home medical equipment company buys AeroCare Holdings Inc., which distributes it, for more than $ 2 billion.
Zoom Video Communications Inc. Quotes declining 11.6%, despite another record-breaking quarterly revenues by the remote conferencing company and revisiting its fiscal year outlook.
The head of the Federal Reserve System (FRS) Jerome Powell warns that the American economy remains in a difficult and uncertain position, despite the progress in the development of vaccines for COVID-19. Powell’s speech prepared for the Senate Banking Committee hearing indicates that the time has not yet come to lift the emergency stimulus, even though success in vaccine development improves the prospects for economic recovery next year..
Speeches by the head of the Federal Reserve and the US Treasury Secretary Stephen Mnuchin in the Senate Banking Committee will be held on Tuesday.
JFD Group Senior Market Analyst Haralambos Pissouros said the lack of progress on a new fiscal stimulus package could push the Fed to take additional steps in December..
Investors on Tuesday also await the publication of the November value of the index of business activity in the manufacturing sector in the United States (ISM Manufacturing).
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