Wall Street opens higher amid growing optimism

Economies.com
2017-04-25 15:30PM UTC

U.S. stock indices opened higher on Tuesday, carrying on the strong performance of yesterday amid growing optimism in the markets after the first round results of French elections. 

 

Gold and safe havens lost ground while global stocks advanced, reflecting improved risk appetite as polls pointed to a clear win for centrist Emanuel Macron in the final round of French elections over far right candidate Marine Le Pen. 

 

On the other hand, markets await the U.S. administration's announcement of its new tax cuts, which president Trump said it will come soon, including huge cuts in corporate taxes.

 

Standard and Poor's 500 rose 0.56%, or 13.39 points to 2,387.54, while Dow Jones added 1.16%, or 240.07 points to 21,003.96. 

 

Tech-heavy NASDAQ rallied 0.63%, or 37.61 points to 6,021.43. 

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