NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) remained on the upswing on Tuesday. Stockbrokers referred to the recent Chinese economic stimulus measures as the driving force. However, sentiment was dampened somewhat by fears of a recession and warnings of rising and persistently high US key interest rates.
The leading US index gained 0.93 percent to 34,261.42 points and thus expanded the gains made at the beginning of the week. The market-wide S&P 500 went up 0.67 percent to 4439.26 points. The tech-heavy NASDAQ 100 gained 0.49 percent to 15,119.06 points.
The day before it had become known that China wants to give the country’s ailing real estate market more support. Specifically, it is about the deferral of real estate loans. This should make it possible to complete real estate projects under construction. In addition, there could be further support measures, the market strategists of Deutsche Bank noted with a view to corresponding media reports./la/he
2023-07-11 20:17:38
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