Nasdaq up 2.8% at close – investors track Buffett’s investments

Fearless Girl statue in front of the US Stock Exchange on Wall Street

New York Strong sales figures from some companies encouraged investors to enter the US stock market. The Dow Jones Standard Value Index closed up 1.3% on Tuesday at 32,654 points. The tech-heavy Nasdaq rose 2.8% to 11,984 points. The broad S&P 500 gained 2% to 4088 points. Selling in recent weeks has exhausted sellers, said financial markets expert Mimi Duff of consultancy GenTrust. “So at the slightest sign of good news, a rebound is possible.”

It also included the prospect of an end to lockdowns in China, which had slowed the global economy in recent weeks. Hopes of growing demand for commodities from major buyers pushed the price of copper, an industrial metal, up 1.4% to $9,367 a tonne.

In addition, a relaxation of the strict requirements for Chinese technology groups was called for. This helped US online retailer Alibaba and Pinduoduo gain 6.4% and 6.1% respectively.

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