Equities New York Conclusion: Wall Street turns up a lot in late trading


NEW YORK (dpa-AFX) – On Monday, nervous investors caused the New York stock exchange to go up and down with a positive end result. In addition to interest rate and inflation concerns, increasing geopolitical fears initially kept the US stock market on a downward slide. At the lowest level of the Dow Jones Industrial since the beginning of April, courageous investors then grabbed it again at 33,150 points. The leading index fully recovered from a peak loss of more than three percent.

With a final spurt, the Dow Jones Industrial even managed to gain 0.29 percent by closing at 34,364.50 points. Compared to the daily low, he had regained about 1200 points. The market-wide S&P 500 ended 0.27 percent higher at 4410.13 points and the technology-heavy Nasdaq 100 even recovered by 0.49 percent from its price slide of the past few days. He closed at 14,509.58 points.

In addition to high inflation and the associated expectation of faster interest rate increases, the Ukraine conflict in particular was seen as a growing burden on Monday. In the course, however, investors took heart. The recovery gained momentum in late trade on news that representatives of Russia and Ukraine plan to meet for talks in Paris on Wednesday./tih/he

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