Wall Street rises after the optimistic reports of Goldman Sachs and Johnson & Johnson

The major Wall Street indices rose in the prime trading on Tuesday after strong gains from Goldman Sachs and Johnson & Johnson gave hope that the two companies’ upbeat reports would calm market fears of a recession amid rising inflation and interest rates.

The Dow Jones Industrial Average rose 511.7 points, or 1.7%, at the start of trading to 30,697.52 points.

The Standard & Poor’s 500 Index rose 68.3 points, or 1.86%, in opening at 3746.26 points, while the Nasdaq Composite Index rose 288.2 points, or 2.7%, to 10963.98 points at the start of trading, according to Reuters.

Goldman Sachs CEO David Solomon warned that the US economy could be heading into a recession that could make investment and investment decisions more difficult. business.

“I think it’s time to be careful, and I think if you’re running a risk-based business, it’s time to think carefully about your financial reserves and risk appetite,” Solomon said in a live interview on CNBC. .

“I think now we should expect more volatility on the horizon. That certainly doesn’t mean we have a really tough economic scenario. But in terms of results, there is a good chance of a recession in the United States, “he added.

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