Börse Express – New York stocks: US stock markets continue recovery from Friday

NEW YORK (dpa-AFX) – On Monday, the US stock exchanges continued their recovery gains from Friday. According to stockbrokers, recent statements by Fed Director Christopher Waller, who is known for his tight monetary policy, had a supportive effect. He said on Friday that the interest rate policy was now “almost sufficiently restrictive” and advocated moderate rate hikes. In addition, Kansas City Federal Reserve Chair Esther George has expressed the view that the US economy can avoid a sharp downturn.

Der Dow Jones Industrial rose 0.45 percent to 33,526.14 points in early trade. However, the best-known Wall Street index lost most of its gains at the start of the year, down 2.7 percent last week. The market-wide S&P 500 increased by 0.66 percent to 3998.96 points on Monday. The tech-heavy Nasdaq 100
rose by 1.20 percent to 11,758.10 points.

The leading indicators, which fell for the tenth time in a row in December, were also in focus. The collective index also fell more than expected compared to the previous month at minus 1.0 percent./ck/nas

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0211 2023-01-23/16:27

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