NEW YORK (dpa-AFX) – US equity markets paid tribute to the recent recovery rally in the middle of the week and retreated. The Dow Jones Industrialist It fell below the much-noted 30,000-point mark in early trading on Wednesday and was last quoted as less than 1.21% at 29,950.34 points. For the S&P 500 at the market level fell 1.59 percent to 3730.75 points. The Nasdaq 100 Technology Index
it lost 2.06 percent to 11,344.21 points.
In the first two trading days of October, the major indices had already recovered more than five percent after hitting two-year lows. Hopes for a looser monetary policy from the US Federal Reserve proved to be a driver of prices after economic data turned out to be a little weaker than expected. News from employment agency ADP that the US private sector had created more jobs than expected in September left investors largely cold. ADP numbers are considered an indicator for the U.S. government monthly job report due Friday. / Edh / he
ISIN US2605661048 US6311011026 US78378X1072
AXC0240 2022-10-05 / 16: 36
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