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Main » 2016 » March » 2 » "Super Tuesday" on the stock market: Dow Jones rose 350 points
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"Super Tuesday" on the stock market: Dow Jones rose 350 points
 
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"Super Tuesday" (Tuesday at the beginning of February or March, a presidential election year, when the majority of US states held primaries) was a success and for the stock market in the country.

 

 

While the Americans in 13 states went to the polls to vote for their favorite presidential candidate, investors are happy to buy shares. Industrial index  

Dow Jones  rose 349 points (2.1%), showing the second-best day since the beginning of this year. Stock index S & P 500  rose 2.4%. Index  Nasdaq  posted the best results in a single trading day in 2016 with a whopping growth of 2.9%. On this day, all the favorite stocks of high-tech American companies - Facebook, Apple, Netflix and Google - headed the lists of the best performers. The rally was not limited to only market in the United States. Stock markets around the world, from China and India to Germany, showed an increase. Even unstable Greece finished the day with a gain. Yes, March, as we see, has started well, but traders are focused not only on the calendar. Here are three reasons for the growth of US stocks: 


1. The US economy in order

Strong car sales figures for February are another sign that the US economy - and the American consumer - is in order. "US economic data - production, construction spending, industrial production, orders for durable goods - exceeded economists' forecasts. You can breathe a sigh of relief, "- said the chief investment strategist at Charles Schwab, Liz Ann Saunders. Investor sentiment has improved, it is only in January, equity markets were down 10%. At present, the losses decreased to 3.5%. This is a significant change.


 

 

2. Oil prices are finally rising

Since the beginning of the current account and the cost of oil stocks traded in unison. On Tuesday,  oil prices rose by 2%, to close at $ 34.40 - the highest level since January 5.

 

3. The Federal Reserve, as it seems, takes a break

Another official of  the Fed  - this time the president of the Federal Reserve Bank of New York William Dudley - made ​​it clear that the rate increase in March - is unlikely. In addition, the official said it could revise their forecasts of US economic growth this year. Recall that in the beginning of 2016 the Fed was planning to raise interest rates four times this year. Now the markets are predicting one or at most two. Take part in the drawing of the starting capital for trading on Forex. Sign up in  the competition of traders.

 
 
 
 
 
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