NEW YORK (dpa-AFX) – US stock markets continued their good start until October Tuesday. The hope that the urgency for more aggressive rate hikes by the US Federal Reserve is easing is seen as the driving force behind the strong start to the month after the extremely weak September. “The optimism appears to have returned to the market in October,” commented Pierre Veyret of broker Activtrades. However, the question remains whether this is a bear market rally or even a temporary reversal.
Der Dow Jones Industrial For the first time since September 22, it broke the much-noted 30,000-point mark in early trading. More recently, the leading US index rose 2.38% to 30,193.58 points, expanding its streak to around 5% since Monday. For the S&P 500 at the market level
Tuesday was up 2.66% to 3776.36 points. The Nasdaq 100 Technology Index earned 3.05 percent to 11,572.35 points./edh/lui
ISIN US2605661048 US6311011026 US78378X1072
AXC0237 2022-10-04 / 16: 32
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