Wednesday , October 5 2022

Dow Jones Industrial Average reached a three-week maximum of 545 points


Direct: US stocks rose on Wednesday and prolonged Dow Jones and Standard & Poor's to a three-week maximum after mid-range.

The technology sector was among the best on Wall Street at 2.5% and Caterpillar and Unid Health led the average Dow Jones industrial index.

According to forecasts, the results of the mid-term elections showed that the Democrats gained most of the House of Representatives, while the Republicans still dominated the Senate.

US stocks supported gains after US President Donald Trump said he hoped to cooperate with Democrats on infrastructure and pricing issues.

Investors are following decisions on Federal Reserve interest rates at a monetary policy meeting on Thursday, expecting it to stay the way it is.

Dow Jones Industrial Average reached 2.1% to reach 26180.3 points and reached 545.2 points.

Standard & Poor's rose 2.2% to 2,813.8 points, while the Nasdaq rose 2.6% to 7,570.7 points.

By 21:05 GMT, the main dollar index, measuring currency performance against 6 major currencies, declined by 0.3% to 96,053.

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