NEW YORK (dpa-AFX) – An initially restrained start to trading is emerging on the US stock exchanges in the middle of the week. A good half an hour before the start, the broker IG assessed the leading index Dow Jones Industrial
The day before, the US stock exchanges, which had started trading again for the first time after the long weekend, quickly lost their initial momentum despite good US sentiment data. The Dow brought only a small plus over the finish line, while the other indices closed in the red. Investors, it was said in the market, are currently maneuvering between hopes of a strong economic recovery and worries that inflation will rise too sharply, which could force the US Federal Reserve to take countermeasures in interest rates.
The players in the market were therefore now waiting for further signals as to whether the US monetary authorities could curb their support measures. While all eyes are already on the official labor market report due on Friday, attention should therefore also be paid to the Fed’s economic report due on Wednesday evening. Otherwise, the day should turn out to be quite calm, at least on the economic agenda.
On the company’s side, the papers of the video conferencing service Zoom were pre-market
Zoom was one of the stragglers of the reporting season, which is now almost over. In the middle of the week, Advance Auto Parts presented its figures for the past quarter in the back rows of the stock market, while the supplier of automotive spare parts raised its outlook for the year as a whole.
The US biotech company Constellation Pharmaceuticals is meanwhile about to be taken over by the German MDax
While also oil companies like Chevron
ISIN US2605661048 US6311011026 US78378X1072
AXC0211 2021-06-02/15:07
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