NEW YORK (dpa-AFX) – The stabilization on the US stock market continued on Thursday. Concerns about inflation and recession faded into the background, even if the US central bank is sticking to its aggressive course of interest rate hikes, as the minutes made clear the day before.
“It sounds somewhat paradoxical that the US Federal Reserve would provide some relief on the stock market with further interest rate hikes. However, investors interpret the determination of the Fed, which emerges from the meeting minutes on this point, as a sign of confidence in the robustness of the economy”, explained capital market strategist Jürgen Molnar from RoboMarkets. This means that the recession risks that have dominated recently have not received any new nourishment.
Der Dow Jones Industrial increased shortly after the start of trading by 0.76 percent to 31,272.47 points. The market-wide S&P 500 rose by 0.95 percent to 3881.69 points and is currently around 20 percent below its record high in January. At the same time, it has recovered somewhat from its one-and-a-half-year low in June, but remains at the threshold at which stockbrokers speak of a bear market.
The tech-heavy Nasdaq 100 gained 1.08 percent on Thursday to 11,981.16 points. It is currently around 29 percent below its peak reached in November 2021./ck/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0233 2022-07-07/15:52
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