American stock indices closed, at the end of Tuesday’s session, with gains for the third time in a row, in trading in the last week of August, in light of investors evaluating economic data that showed that economic activity was affected by the tightening of monetary policy by the Federal Reserve.
The Dow Jones Industrial Average rose 0.85%, or 292 points, to 34,852 points, the highest closing level in two weeks.
The S&P 500 also rose by about 1.45%, equivalent to 64 points, at 4,497 points, and the Nasdaq index recorded an increase of about 1.75%, or 238 points, recording 13,943 points.
The gains were supported by a rise in technology company stocks after bond yields fell, as NVIDIA shares closed at a record level, rising by 4.15% to $487.84, bringing the chip maker’s market value to exceed $1.2 trillion for the first time.
