Indices in the USA Opened With Profit Before Yellen's Presentation

Indices in the USA were opened with profit before Yellen's presentation. Before the presentation of the Treasury Minister Janet Yellen in the Finance Committee of the Senate, indices increased. At its opening on Tuesday, the Dow Jones index was traded at 31,044.86 points, gaining 0.75 percent to more than 200 points. The S&P 500 index started the day at 3,799.13 points with an increase of 0.82 percent and the Nasdaq index increased by 1.06 percent from 13,136.13 points. Markets in the US, which were closed yesterday due to a public holiday, followed an upward trend with the expectation of more support to combat the economic effects of the coronavirus epidemic and the effect of Goldman Sachs' fourth-quarter balance sheet, which was better than predictions. As the markets turn their attention to the presentation Janet Yellen will make today at the Senate's Finance Committee, it was stated that Yellen would call for "more support" for the economy. On the other hand, the balance sheets of Bank of America and Goldman Sachs, known as the major banks of the USA, for the last 3 months of 2020 were shared. Bank of America's net profit in the fourth quarter decreased by 21.4 percent compared to the same period of 2019, to 5.5 billion dollars. Goldman Sachs' net profit in the fourth quarter of 2020 increased by 135 percent compared to the same period of the previous year, reaching 4.5 billion dollars and reached above expectations.