NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) recovered somewhat from its loss-making week on Monday. The US leading index traded 1.04 percent higher at 33,637.66 points in early trading. The S&P 500, which represents the broad market, rose by 0.69 percent to 4195.07 meters. The technology-heavy NASDAQ 100 rose minimally to 14,056.25 points and stayed within sight of its latest record high of 14,205 points.
James Bullard, the president of the regional US Federal Reserve in St. Louis, brought a rate hike into play on Friday in the coming year. In addition to the great decline on the futures exchanges, this had put the prices under pressure.
Investors’ eyes are now on a hearing with Fed chief Jerome Powell before parts of the US Congress this Tuesday. It is about the central bank’s reaction to the corona pandemic. Powell’s remarks are likely to point precisely to clues to future Monetary policy be knocked off./la/he
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