Most Up on Wall Street

» Published: November 19 2024

Most Up on Wall Street
Photo: Richard Drew/AP-TT

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The New York Stock Exchange's leading index went in different directions on Tuesday. The broad S&P 500 index rose 0.4 percent, the technology-heavy Nasdaq composite index increased 1.0 percent, and the Dow Jones industrial index fell 0.3 percent.

Due to concerns about the escalation of the war between Russia and Ukraine, many investors chose to invest in American government bonds, which are considered one of the world's safest investments. Increased demand for the 10-year government bond led to a price increase – which in turn resulted in a decrease in the interest rate, from 4.41 percent late on Monday to 4.39 percent when the exchange closed.

A winner was Walmart, the USA's largest retail chain, which reported higher sales and profits than analysts had predicted. Both online and in stores, the company's sales increased. The stock rose 3.0 percent.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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