NEW YORK (dpa-AFX) – The standard values on Wall Street continued their most recent record on Friday with a brakes. Technology stocks, on the other hand, were thwarted by the gloomier outlook of some industry companies. Stress also came from current statements by US Federal Reserve Chairman Jerome Powell, who once again signaled the beginning of an exit from the loose monetary policy. “We are well on our way to begin reducing our bond purchases,” said Powell. The so-called tapering should be completed in mid-2022 if the economy as a whole develops as expected.
The Dow Jones Industrial (Dow Jones 30 Industrial) reached another high in early trading at 35,765 points and closed with an increase of 0.21 percent at 35,677.02 points. This resulted in a weekly gain of around one percent for the leading index. The market-wide S&P 500 also posted a record high, but turned into the red and ultimately lost 0.11 percent to 4544.90 points. The technology-heavy NASDAQ 100 lost 0.87 percent to 15 355.07 points./edh/
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