NEW YORK (dpa-AFX) – Fear of a recession continues to have a firm hold on US equity markets. In view of an impending recession, investors also sold stocks on Friday. The leading Dow Jones Industrial Index it fell at the start of trading to around 29,644 points, its lowest since late 2020. More recently, the stock market barometer was again slightly above 29,693.11 points, which was less than 1.28%.
This means that before the weekend the Dow will drop below 30,000 points, which it was able to hold at yesterday’s closing price. The concerns of market participants are further fueled by the resolute action of the US Federal Reserve, which is also willing to accept economic damage in the fight against inflation. On a weekly basis, a loss of more than three and a half percent is looming for the main US index.
The S&P 500 at the market level it lost 1.62 percent to 3697.14 points. Rate-sensitive tech stocks fell even more sharply: the Nasdaq 100 fell 1.84 percent to 11,290.40 points./tav/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0196 2022-09-23 / 16: 29
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