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NEW YORK (dpa-AFX) – The US stock exchanges took a small step forward on Wednesday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) stepped more or less on the spot in the first few minutes, but in the end it rose 0.22 percent to 34,647.24 points. Other indices followed this hesitantly: the market-wide S&P 500 rose by 0.19 percent to 4209.85 points and for the technology-heavy NASDAQ 100 it rose by 0.25 percent to 13,689.18 points.
Investors, so it was said in the market, are currently maneuvering between hopes of a strong economic recovery and worries that inflation will rise too sharply, which the US Federal Reserve could put under pressure with its loose interest rate policy. The day before, the US stock exchanges had lost their initial momentum despite good US sentiment data.
Due to inflation concerns, market players waited for further signals from the currency watchdogs as well as further important economic data in the course of the week, including the official labor market report on Friday. Investors are currently on hold, according to an analyst. He sees a basis for a change in monetary policy, but no automatic end to the share rally./tih/fba
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