(New York) The New York Stock Exchange opened higher on Wednesday, buoyed by dovish rhetoric from the Chinese authorities and with the hope that the US Federal Reserve (Fed) is also supporting its rate hike with moderate statements. .
Posted at 9:52
In early trading, the Dow Jones gained 1.22%, the tech-dominated NASDAQ index took 1.61%, and the broader S&P 500 index, 1.29%.
China’s financial leaders pledged on Wednesday to maintain stability in capital markets and develop effective policies against real estate risks, according to state media.