NEW YORK (dpa-AFX) – After two days with some heavy losses, the US stock exchanges started somewhat recovered on Friday. According to market participants, the upbeat sentiment on the stock market is due to the fact that China has taken a surprisingly clear step to mitigate the slowdown in the domestic economy. An important interest rate for long-term loans was lowered more than expected.
The Dow Jones Industrial advanced in early trading by 0.44 percent to 31,390 points. The day before, the leading index had fallen to its lowest level since March last year. In the course of the week, a loss of two and a half percent is currently looming for the best-known Wall Street index. The market-wide S&P 500 increased by 0.64 percent to 3926 points on Friday.
The tech-heavy Nasdaq 100 gained 0.69 percent to 11,958 points. It had fallen to its lowest level since November 2020 in the past week. His weekly loss is currently three and a half percent. Overall, the stock markets are under the impression of high inflation and the threat of recession./ajx/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0252 2022-05-20/15:50
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