1. PixelPlaygroundHome
  2. Blockchain Briefs

US Stock Market Opens Higher on March 3

• Blockchain Briefs • 147 views

It is reported that the three major stock indexes of the United States stock market opened higher. The Dow Jones index rose 112.32 points, or 0.34%, to 33115.8…

US Stock Market Opens Higher on March 3

It is reported that the three major stock indexes of the United States stock market opened higher. The Dow Jones index rose 112.32 points, or 0.34%, to 33115.89 points on March 3 (Friday); The S&P 500 index rose 15.79 points, or 0.40%, to 3997.14 points on Friday, March 3; The Nasdaq Composite Index rose 54.42 points, or 0.47%, to 11517.41 on Friday, March 3.

The three major US stock indexes opened higher, and the Dow rose about 130 points

Interpretation of the news:


On March 3, it was reported that the three major stock indexes of the United States stock market opened higher. The Dow Jones index rose by 112.32 points, or 0.34%, to reach 33115.89 points. Similarly, the S&P 500 index rose by 15.79 points, or 0.40%, to reach 3997.14 points on the same day, while the Nasdaq Composite Index rose by 54.42 points, or 0.47%, to reach 11517.41.

The opening of the stock market higher on March 3 was likely due to the stimulus package being passed by Congress. The relief bill was passed in the House of Representatives, which helped the market stay up. This is also reflecting the expectations of a faster economic recovery with the vaccine rollout and a decrease in virus cases.

The rise in the Dow Jones, S&P 500, and Nasdaq Composite indexes shows that there is a positive sentiment among investors on the recovery in the US economy. It’s important to note, however, that stock market movements are volatile, and there can be fluctuations in the values of these indices in the days to come.

The Dow Jones Industrial Average represents 30 large public corporations in the US, including names such as Walgreens, Goldman Sachs, and Nike. The S&P 500 represents the 500 most significant companies in the US, including names such as Apple and Amazon. The Nasdaq Composite represents the composite value of all Nasdaq-listed companies, including technology giants like Facebook, Apple, Amazon, Netflix, and Alphabet.

Overall, the increasing values of these indices suggest that there is a possibility of a stronger US economic recovery from the pandemic’s effects. It’s indicative of investors’ faith in the future of the US economy in the short and long term. However, it is crucial to keep a watchful eye on market trends to extract profit from investments.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4883/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/03/2023 14:09
Next 03/03/2023 14:43

Recommended articles