Börse Express – New York Stocks: Stabilization after previous day’s losses

After the previous day’s losses, Wall Street stabilized at the end of the week. Tax increases for wealthy Americans planned by US President Joe Biden caused losses on Thursday. All major stock indices posted gains again on Friday.

Der Dow Jones Industrial increased by 0.55 percent to 34,001.81 points. For the market-wide S&P 500 it went up by 0.83 percent to 4169.50 points. The tech-heavy Nasdaq 100 rose by 0.86 percent to 13,881.37 points.

According to experts, investors are now weighing the effects of higher taxes against the positive effects of investments in US infrastructure that accompany the economic stimulus programs. The continued loose monetary policy is supporting share prices near their record highs. However, the rapidly increasing corona numbers in some parts of the world are dampening the mood./la/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0285 2021-04-23/17:05

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