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New York Stocks: Moderate losses after recent highs

NEW YORK (dpa-AFX) – After the latest records, investors on the US stock exchanges held back on Thursday: Less than half an hour after the start of trading, the leading index Dow Jones Industrial fell by 0.28 percent to 34,833.95 points . The market-wide S&P 500 was down 0.26 percent to 4,362.71 points and the technology-heavy Nasdaq 100 lost 0.17 percent to 14,875.85 points. While the latter two indices only set new highs in the past two days, the Dow record dates back to May.





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According to experts, there are currently increasing signs of a weakening of the world’s largest economy. In addition, the currently very high inflation remains an issue. If, contrary to expectations, this should not decline in the foreseeable future, the US Federal Reserve would have to counteract this with a more stringent monetary policy. Current economic data, however, showed a rather mixed picture./gl/men

Source: dpa-AFX

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