Boerse Express – New York Stocks: Earnings

NEW YORK (dpa-AFX) – The ups and downs of the US stock markets continued on Tuesday. After the Dow Jones Industrial
had eased slightly earlier in the week, the better-known Wall Street index is now up 0.78% to 33,964.32 points. The S&P 500 index gained 0.63% to 3974.65 points. The Nasdaq exchanges, which are mainly stocked with technology stocks, also went into surplus shortly after trading began. The Nasdaq 100 rose 0.22% to 11,577.55 points.

However, investors are still struggling to assess the near- to medium-term outlook for risky assets like stocks, said Pierre Veyret, market observer at brokerage ActivTrades. Especially as the Dow has already rallied significantly since mid-October up 18.5% at its peak and current signals give little reason for further optimism.

The rapid rise in China’s coronavirus cases and new coronavirus deaths have delayed the return to economic normalcy for six months. As the government actually wanted to relax its strict zero-Covid policy, the next lockdowns were imposed instead.

Also, US monetary authorities are curbing risk appetite, Veyret added. They recently confirmed that the fight against inflation is far from over. Investors are hoping for fresh guidance on the future US interest rate on Wednesday when the minutes of the latest Fed meeting are released after New York trading closes. Markets currently assume that the Fed will ease its rapid rate of tightening slightly at its next interest rate meeting in mid-December. San Francisco Regional Fed Chair Mary Daly recently commented accordingly. More central bankers want to talk this Tuesday./ck/nas

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0239 2022-11-22/16:30

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