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US stock market is growing

The stock market in the US ended the trading session on Tuesday with the growth of indices. Thus, the S&P 500 rose 0.47%, the Dow Jones increased 0.4%, and the Nasdaq Composite rose 0.33%.

Market participants are positive about the prospects for the next package of state support for the American economy. Nancy Pelosi, who heads the House of Representatives in Congress, said that a decision on the new support program could be made in the near future, that is, before the presidential elections in the United States. Pelosi held talks on this issue with Finance Minister Mnuchin.

As a result, some differences were resolved. Congress and the government are ready to continue this work. Investors are also monitoring the development of the situation related to the spread of the coronavirus. The sharp rise in the number of infections in the United States and Europe is worrying. However, most experts believe that in any development of events, the countries will not introduce total quarantine, as it was in the spring. Some of them also note that the impact of the presidential election results on the US stock market will be short-term.

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