On Wednesday Morning Investors Mainly Bought Tech Stocks
While the votes are still being counted in the US polling stations, investors on Wall Street are trying to protect themselves as much as possible. On Wednesday morning, investors mainly bought tech stocks, but also US government bonds.
Shortly after the stock market opened, the US leading index Dow Jones rose 0.6 percent to 27,651 points. The broader S&P 500 can even gain 1.6 percent to 3424 points. The plus is most noticeable in the Nasdaq technology index: it increases a good three percent to 11,638 points.
Ten-year US government bonds that investors had thrown out of their portfolios in the run-up to the US election were in demand again. This caused the prices to rise, which, in turn, caused the yield to fall. It slipped 0.11 percentage point to 0.7 percent. It was the highest drop in yields since last March.
On Tuesday, the US standard value index Dow Jones closed two percent higher to 27,480 points. The broad S&P 500 advanced 1.8 percent to 3369 points. The Nasdaq rose 1.9 percent to 11,160 points.
Tech Stocks Pull Into Positive Territory - /10