NEW YORK (dpa-AFX) – After their previous day’s recovery, the US stock markets just held their ground in the middle of the week. Overall, however, concerns about the economy continue to weigh on the mood. The Dow Jones Industrial (Dow Jones 30 Industrial) closed just under 0.15 percent at 30,483.13 points. At the start of trading, the leading index slipped 1.2 percent into the red, but had recovered quickly and was in positive territory until shortly before the end of trading. The market-wide S&P 500 ultimately fell by 0.13 percent to 3759.89 points. The technology stock-heavy NASDAQ 100 lost 0.16 percent to 11,527.71 points.
Investors focused on current monetary policy statements by US Federal Reserve Chairman Jerome Powell. In his regular testimony before the US Senate, Powell reiterated his commitment to curbing inflation. The US economy is very strong and could get tighter monetary policy cope, emphasized the President of the Federal Reserve. He also pointed out that the interest rate increases already priced in by the financial markets were appropriate./edh/mis
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