NEW YORK (dpa-AFX) – The US stock exchanges found their way back to success on Tuesday for the time being. Investors’ risk appetite had waned on Monday, but it returned in early trading for the time being. This was also reflected in the weak US dollar, which recently served as a safe haven for investors. The euro rose on speculation that the ECB could announce a larger 0.5 percentage point hike in interest rates on Thursday.
The leading index Dow Jones Industrial increased by 1.22 percent to 31,452.77 points three quarters of an hour after the start. The market-wide S&P 500 rose by 1.29 percent to 3880.11 points. The tech-heavy Nasdaq 100
tested the 12,000 mark again, most recently gaining 1.04 percent to 12,000.44 points. At the beginning of the week, all three indices had slipped into the red and had thus failed to build on their stabilization from Friday.
Rather weak company figures only limited the willingness to buy in isolated cases, but did not slow down the overall market. Stockbrokers suspected that the reason was that a lot of negative things had already been priced in, as the Dow had approached the June low a few days ago. Weak signals from the US housing market were also well digested by investors on Tuesday./tih/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0239 2022-07-19/16:25
Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
–
