US stock market's 3 major indexes begin to rise after downturn
CryptoNewsTerminal Staff08 Aug, 2024
US stock market's 3 major indexes begin to rise after downturn
The US market's 3 major indexes started to rise on Tuesday after a downturn on Monday. The S&P500 rose by 0.99%, the NASDAQ rose by 1.27%, and the DOW rose by 0.46%. The rise could be attributed to investors' optimism about the upcoming earnings season. Companies are expected to report strong earnings, which could boost the market further. Despite Tuesday's rise, the market is still down from its all-time highs. The S&P500 is down by about 10% from its all-time high, and the NASDAQ is down by about 15%. However, analysts are optimistic about the market's long-term prospects. They believe that the market will continue to rise in the coming months and years, as the economy continues to grow.
