NEW YORK (awp international) – The US stock markets are expected to change little on Thursday with a negative undertone. The Dow Jones Industrial was assessed by the broker IG three quarters of an hour before the start of trading at 33,968 points and thus around 0.3 percent lower. The technology-heavy selection index Nasdaq 100 was calculated around 0.6 percent in the red.
Statements by the Russian government that reports of major progress in talks between Russia and Ukraine were false caused disillusionment. Nevertheless, the warring parties would continue to talk to each other. In the past few days, statements from the negotiating delegations had raised hopes of a cautious rapprochement.
The US Federal Reserve’s monetary policy decisions from the previous evening are unlikely to have any after-effects. The Federal Reserve had raised its key interest rate for the first time since 2018 and at the same time announced further tightening for this year. The background is the high inflation, which had recently risen to a forty-year high of almost eight percent.
Among the stocks, Accenture stock might be worth a look. The consulting firm raised its earnings and revenue growth targets for fiscal year 2021/22 when it presented its fiscal second quarter financial results. In pre-market trading, the papers rose by 3.4 percent.
Department store chain Dollar General also announced fourth-quarter earnings per share, which fell in line with market expectations. However, the outlook for the year was positive. Shares gained 2.2 percent premarket./edh/mis
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