An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Jan. 27, 2020. U.S. stocks ended significantly lower on Monday. The Dow fell 1.57 percent to 28,535.80, the S&P 500 decreased 1.57 percent to 3,243.63, and the Nasdaq dropped 1.89 percent to 9,139.31. (Xinhua/Wang Ying)
An electronic screen shows the trading data at the New York Stock Exchange in New York, the United States, on Jan. 27, 2020. U.S. stocks ended significantly lower on Monday. The Dow fell 1.57 percent to 28,535.80, the S&P 500 decreased 1.57 percent to 3,243.63, and the Nasdaq dropped 1.89 percent to 9,139.31. (Xinhua/Wang Ying)

U.S. stocks opened sharply higher on Wednesday with the Dow up more than 600 points after the “Super Tuesday” primaries of the 2020 U.S. presidential election.

Shortly after the opening bell, the Dow Jones Industrial Average surges 666.69 points, or 2.57 percent, to 26,584.10. The S&P 500 was up 65.88 points, or 2.19 percent, to 3,069.25. The Nasdaq Composite Index increased 170.25 points, or 1.96 percent, to 8,854.34.

All of the 11 primary S&P 500 sectors rallied, with health care up 3.5 percent, outpacing the rest.

Former U.S. Vice President Joe Biden, who’s on the rise after a big victory in South Carolina, maintained the momentum in Super Tuesday’s Democratic primaries.

Major victories the former vice president recorded during the Super Tuesday vote sparked a massive rally within the health care sector, experts noted.

U.S. equities have been experiencing great fluctuations these days. The Dow plunged more than 780 points on Tuesday despite the Federal Reserve’s emergency interest rate cut, following a nearly 1,300 points gain in the prior session. Enditem

Advertisements

Send your news stories to [email protected] and via WhatsApp on +233 234-972-832 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.