NEW YORK (dpa-AFX) – The US stock markets presented themselves without a clear direction in trading on Thursday. Disappointing US services sentiment data wiped out early gains. There is still no relaxation in the Ukraine crisis. Despite renewed negotiations between Russia and Ukraine, Russian airstrikes on the neighboring country intensified. This, coupled with Western sanctions against Russia, pushed oil prices to their highest level since 2008 and fueled renewed fears of a recession.
Der Dow Jones Industrial
Sentiment in the US service sector deteriorated significantly in February. The purchasing manager index of the Institute for Supply Management (ISM) fell by 3.4 points to 56.5 points compared to January. Analysts, on the other hand, had expected an improvement to an average of 61.0 points.
Other economic data, on the other hand, were positive. US industrial companies received more orders than expected in January. In addition, the situation on the labor market – measured by the number of weekly initial applications for unemployment benefits – improved more than forecast. Furthermore, the productivity of the US economy recovered significantly in the final quarter of 2021 from the decline in the summer months.
On the company side, there were a few quarterly reports that caused larger price movements. This is how the latest annual figures and the medium-term outlook of the electronics retailer Best Buy came
For the Kroger papers
ISIN US2605661048 US6311011026 US78378X1072
AXC0462 2022-03-03/20:11
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