U.S. stock market rises in early trading
- 4524
- 1 min.
- 11 connections
Stock market rises
The US stock market is rising on Tuesday after the US Memorial Day holiday weekend.
The Dow Jones Industrial Average index was up 157.57 points (0.46%) at 34687.02.
The Standard Poor's 500 rose 17.58 points (0.42%) to 4221.69 points.
The Nasdaq Composite added 77.85 points (0.57%) to 13826.59 points.
On Tuesday, the May value of the ISM Manufacturing activity index in the USA is expected to be published. In addition, the US unemployment figures for last month will be published this week. US labour market stats will likely be crucial for the Fed as it develops a plan to roll back stimulus measures that have supported the economy and markets for more than a year, The Wall Street Journal writes.
Shares of US cinema chain AMC Entertainment Holdings Inc. were up 15 per cent on Tuesday after the company said it had raised $230.5 million through a sale of new shares.
Cloudera Inc. shares jumped 24.1 per cent. Private equity funds KKR Co. and Clayton Dubilier Rice (CD&R) are buying the developer of cloud-based business platforms for $4.7bn.
Shares in Chinese electric car maker NIO Inc. are up 7% in New York trading. The company increased deliveries by 95% year-on-year in May. Citi analysts upgraded their recommendation for the company's stock to "buy" from "neutral".
The market value of Boeing Co (NYSE:BA). is up 3% after Cowen upgraded its outlook on the company's stock to "above market" from "on par with the market".
Related news
Last news
Companies rating
NEW YORK NEWS
News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova Development Director
Quotes
AllJohn Mulaney Mocks TV Gender Disparity During 2026 Emmys Best Actor Intro
Chris Olsen Addresses Meghan Trainor Feud Rumors and Friendship Status
John Malkovich Wins Best Actor at Venice Film Festival Amid Oscar Buzz
Jimmy Kimmel Slams FCC ‘Threats’ as White House Fires Back
BBC Line of Duty star Martin Compston teases new series and says 'this is the end'
