Growth with the Dow Jones and S&P 500 financial sector; Pavel and Yellen follow on radar – 03/24/2021

California issues driverless delivery and may begin in 2021 - 12/25/2020

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.

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Sarah Gracie

About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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