American shares significantly increased even during Wednesday. Tech index Nasdaq rose over 9,500 points – only one tenth under its 2020 record-high level from half February.
As such, Nasdaq recovered from loss caused by the coronavirus pandemic. There’s only few points left to its February highs. However, tech indices were the only ones having grown on Wall Street during Wednesday. Dow Jones added up 2% and S&P 500 index grew in 1,36%.
The stock exchange is being pulled up by optimistic expectations that American economy could safely recover from the coronavirus pandemic and could soon begin to recover. Markets are awaiting labor market results, which are to be published soon by the US Department of Labor. It’s expected that the unemployment rate will soon attack levels of 20%. Yet, the progress on labor market does not seem very surprising and investors have probably calculated with these predictions in their decisions. They seem to rely on the fact that not only the U.S., but economies of many other world‘s important countries begin to recover.
