Indices in the USA Started the Day with a Loss

Indices in the US started the day with a decline before Fed Chairman Jerome Powell's presentation in the Senate.

Indices in the USA started the day with a loss. Indices started the day with a decline before the presentation of US Federal Reserve (Fed) Chairman Jerome Powell in the Senate. At its opening on Tuesday, the Dow Jones index traded at 31,456.73 points, down 0.21 percent. The S&P 500 index began trading at 3,850.22 points, down 0.68 percent, and the Nasdaq index at 13,254.42 points, down 2.06 percent. Indices, which closed the first trading day of the week with a mixed course, lost value at the opening today, led by technology stocks. According to the data shared by Johns Hopkins University in the USA, the number of people who died due to the coronavirus epidemic exceeded 500 thousand. The risk of mutation in the epidemic, vaccination studies and question marks regarding the recovery in the economy remain at the focus of the markets. While the stimulus package for the crisis caused by the coronavirus epidemic remained on the agenda, the US House of Representatives Budget Committee approved the $ 1.9 trillion support package that US President Joe Biden insisted. Analysts stated that in addition to the concerns about the rising bond rates in the US, the presentation of Fed Chairman Jerome Powell to the Banking, Housing and Urban Affairs Committee of the Senate on the semi-annual Monetary Policy Report will be monitored.