New York equities: behavior up

NEW YORK (dpa-AFX) – The US stock exchanges took a small step forward on Wednesday. The leading index Dow Jones Industrial stepped more or less on the spot in the first few minutes, but in the end it rose 0.22 percent to 34,647.24 points. Other indices followed this hesitantly: the market-wide S&P 500 rose 0.19 percent to 4209.85 points and for the tech-heavy Nasdaq 100 it went up 0.25 percent to 13,689.18 points.

According to the market, investors are currently maneuvering between hopes of a strong economic recovery and worries that inflation will rise too sharply, which could put pressure on the US Federal Reserve with its loose interest rate policy. The day before, the US stock exchanges had lost their initial momentum despite good US sentiment data.

Due to inflation concerns, the market players waited for further signals from the monetary authorities as well as further important economic data in the course of the week, including the official labor market report on Friday. Investors are currently on hold, according to an analyst. He sees a basis for a change in monetary policy, but no automatic end to the share rally.

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