new York US stock markets continued their recovery on Tuesday. The recent economic slowdown has fueled speculation that the Federal Reserve is slowing its pace of interest rate hikes. In terms of individual values, the shares of Twitter stood out, which jumped by more than 20 percent after billionaire Elon Musk gave in in the takeover dispute over the short message service.
The Dow Jones index of standard values closed 2.8 percent higher at 30,316 points. The tech-heavy Nasdaq advanced 3.3 percent to 11,176 points. The S&P 500 index improved by 3.1 percent to 3790 points. For the S&P, it was the strongest two-day rally since April 2020 and a surprise turnaround after September’s panic selling. Meanwhile, for short sellers betting on falling prices, Wall Street’s reversal resulted in losses.
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