NEW YORK (dpa-AFX) – The latest minutes of the US Federal Reserve’s meeting in the middle of the week hardly left any traces on the US stock market. Tech stocks received a little more boost from this, but trading on Wednesday was sluggish overall.
The leading index Dow Jones Industrial (Dow Jones 30 Industrial) presented itself listless with plus 0.05 percent to 33,446.26 points. The market-wide S&P 500 gained 0.15 percent to 4079.95 points. Both indices thus remain close to their record highs. For the technology-heavy NASDAQ 100, it rose 0.28 percent to 13,616.70 points.
At their most recent meeting, the representatives of the US Federal Reserve confirmed their recently more optimistic view of the US economy. However, the pandemic continues to represent a significant economic risk, it said. The economy is still a long way from achieving its long-term goals. The Fed members did not hold out the prospect of a change in monetary policy. The protocol supported the tech sector, which has been catching up since the end of March. Concerns about a possible tighter monetary policy course in view of strong economic data and the trillion dollar economic stimulus programs had weighed heavily on him in phases in the past few weeks./ajx/he
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