NEW YORK (dpa-AFX) – US stock exchanges fell further on Thursday after prices fell slightly in the middle of the week. After positive private labor market data and in light of the recent oil price hike, fears of rising inflation and corresponding further aggressive interest rate hikes by the US Federal Reserve have recently returned to the fore.
Der Dow Jones Industrial fell 0.70 percent to 30,061.82 points. The major US index gained nearly 3% on Monday and Tuesday.
For the S&P 500 at the market level Thursday fell 0.58% to 3761.23 points. The Nasdaq 100 Technology Index it lost 0.27 percent to 11,541.96 points.
A surprisingly significant increase in initial jobless claims had only briefly eased investors’ fears of inflation in pre-market trading. Meanwhile, last week’s reading has been revised down slightly and by historical standards the numbers are still low.
The Fed’s monetary policy is strongly oriented to the evolution of the labor market. He cited the solid employment situation as an argument against a deep recession and is trying to keep high inflation in check by drastically raising interest rates. Both Wednesday’s US private sector report and initial claims are considered indicators for the official US government employment report due Friday.
Constellation Brands action Thursday fell by more than one percent. The wine and other spirits producer has signed an agreement with industry colleagues The Wine Group to acquire part of its wine portfolio. Financial details of the transaction have not been released. Additionally, Constellation Brands unveiled its fiscal second quarter data.
The analysts’ statements caused clearer price movements. So I pulled the cards out of Pinterest by about five percent. Expert Eric Sheridan of investment bank Goldman Sachs pointed to improving user trends and the potential to accelerate revenue growth and increase operating margin. The shares of the computer game manufacturer Take-Two which Goldman has certified as substantially improved trading conditions, increased two and a half percent
ISIN US2605661048 US6311011026 US78378X1072
AXC0298 2022-10-06 / 19:45
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