Home » News » Börse Express – New York Stocks End: Slightly in the red after further records

Börse Express – New York Stocks End: Slightly in the red after further records

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NEW YORK (dpa-AFX) – Der Dow Jones Industrial tested the 35,000 point mark again on Tuesday at the start of the US reporting season and despite another surge in inflation. But then the upward momentum subsided. The best-known US index closed 0.31 percent easier to 34 888.79 points.

The other three major indices temporarily climbed to new highs in early trading before falling slightly again. The S&P 500 ultimately fell by 0.35 percent to 4,369.21 points. The Nasdaq 100 The broad Nasdaq Composite was able to hold its own with minus 0.02 percent to 14,874.54 points on the previous day’s close gave way by 0.38 percent.

In June consumer prices rose surprisingly to 5.4 percent, the highest level since August 2008. In May, inflation was 5 percent, well above the two percent target set by the US Federal Reserve (Fed). However, because the latter assesses the increase as a temporary development, it does not want to intervene in monetary policy. However, there are growing doubts among economists as to whether the Fed is still correct in its assessment. In any case, this development will not make the Fed’s situation any easier, as Helaba’s analyst Ralf Umlauf said./ck/men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0318 2021-07-13/22:22

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