NEW YORK (dpa-AFX) – The Dow Jones Industrial stabilized on Monday after its recent losses. Concerns about rising interest rates in the USA had caused a dreary start to the second half of the year with a weekly loss of around two percent in the New York leading index.
The Dow rose 0.62 percent to 33,944.40 points. The market-wide S&P 500 went up 0.24 percent to 4409.53 points. The technology-heavy selection index Nasdaq 100 rose by 0.06 percent to 15,045.64 points.
Future interest rates remain the dominant topic this week. On Monday, Fed officials signaled that key interest rates should rise further in 2023 in order to bring inflation closer to the target of two percent. The market is currently puzzling over the number of rate hikes and whether there could be more than feared.
While most of the data so far has indicated that the US economy is holding up reasonably well, wrote Michael Hewson of trading house CMC Markets UK. However, there are now fears “that central banks are on the brink of making a serious policy mistake when it comes to their determination to lower inflation.”/la/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0295 2023-07-10/22:23
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2023-07-10 20:23:00
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