Por Devik Jain e Medha Singh
(Reuters) – The United States’ main stock index rose on Wednesday, with shares in the financial and energy sectors benefiting from the economic recovery amid another day of deposits by the Federal Reserve Chairman, Jerome Powell, and Treasury Secretary. United States, Janet Yellen.
After Intel was earning 1.5% in efforts to expand chip production capacity, it announced plans to spend up to $ 20 billion on building two plants in the state of Arizona and opening its own factories for customers.
The main Wall Street index has been volatile this week amid fluctuations and losses, which has led to a relief in Treasury yields.
Powell and Yellen resumed their hearings before Congress on Wednesday, a day after concerns over stock markets affected by infrastructure spending and potential tax increases.
At 12:14 (GMT), the Dow Jones index was up 1% at 32,748 points, while the S&P 500 rose 0.69377% to 3,938 points. The Nasdaq Technology Index rose 0.06% to 13,235 points.