Nasdaq Index Started the Day With an Increase

While the theme of flight from risky assets loses its effect in the US indices, the Nasdaq index started the day with an increase.

Nasdaq index started the day fast. Technology stocks in the USA started to gain value on the day of the transaction, when the rotation theme declined. The Nasdaq 100 index started Tuesday with a 2.7 percent gain. Tesla shares, which had been declining for 5 days at the opening, increased by 8.7 percent. GameStop shares, which have not been on the agenda for a while, made a 12 percent premium at the opening. US 10-year bond yield fell to 1.54 percent. With these developments, it was seen that the US dollar lost power. The decline in the Bloomberg Dollar Index was 0.6 percent. While such an environment prevails in the indices and the market in general, investors will closely follow the treasury sales for the next few days. The US Treasury Department reported that it was planning three debt auctions for a total of $ 10 billion. Shaun Osborne, chief currency strategist at Scotiabank in Toronto, said, "Progress on the aid package in the US has helped stabilize risk appetite." Accelerated growth prospects caused an increase in borrowing costs in the past few weeks, increased fear of inflation and made technology stocks nervous with the expectation of long-term growth. In her speech on the first trading day of the week, Treasury Secretary Janet Yellen tried to allay fears that inflation could harm the economy.