Indices in the USA Started the Day with a Rise

Indices in the USA started the day with a rise. The positive atmosphere of the markets with vaccination studies was reflected in the indices as an increase.

At the beginning of the day, the Dow Jones index gained more than 100 points and was traded at 31,575.04 points with an increase of 0.37 percent. The S&P 500 index rose by 0.30 percent to 3,946.68 points and the Nasdaq index increased by 0.36 percent to 14,146.59 points. US markets, which were closed for Presidents Day on Monday, gained value at the opening today. Expectations for the financial support package expected to be given within the scope of the fight against coronavirus and the positive atmosphere regarding the economic recovery played a role in the upward movement of the indices. While talks about the economic support package continue in the capital Washington, it was stated in the news in the US media that the Democrats are planning to hold a draft vote on the package next week. Looking at the macroeconomic data, according to the data announced in the USA today, the US Federal Reserve (FED) New York Branch manufacturing index saw the highest level of 5 months in February with a value of 12.1. While the leading cryptocurrency Bitcoin (BTC) broke the record by breaking the $ 50,000 mark, St. Louis Fed President James Bullard stated that the Bitcoin price cannot affect the Fed's policy. On the other hand, many production centers were inoperable in the US due to adverse weather conditions; Commodity prices increased as demand increased. Today, the barrel of Brent oil is traded above $ 63, while the barrel of West Texas (WTI) type crude oil was traded at $ 60.