NEW YORK (dpa-AFX) – In view of robust economic data, Wall Street has stabilized a little after the decline at the beginning of the week. The most important indices closed hardly changed on Tuesday. Some relief was provided by the fact that the chronic deficit in the US current account had risen less strongly than analysts had expected in the second quarter compared to the previous quarter. In the construction industry, the number of newly started residential construction also increased more than expected, and the number of building permits increased unexpectedly and significantly.
The leading index Dow Jones Industrial (Dow Jones 30 Industrial) initially rose by around one percent before losing momentum again and closing 0.15 percent in the red at 33,919.84 points. At the beginning of the week, the Dow had lost around 1.8 percent. In particular, investors’ fear of the troubled Chinese real estate sector had sent prices down around the world.
The market-wide S&P 500 fell on Tuesday by 0.08 percent to 4354.19 meters. On the technology-heavy Nasdaq stock exchange, the NASDAQ 100 advanced 0.10 percent to 15 027.77 points./la/jha/
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