NEW YORK (dpa-AFX) – After the significant price slide the day before, the US stock markets attempted to recover in the middle of the week. The Dow Jones Industrial (Dow Jones 30 Industrial) traded 0.45 percent higher at 34 455.12 points in early trading. On Tuesday, the leading index fell by a good 1.6 percent.
The broader S&P 500 rose 0.57 percent on Wednesday to 4,377.53 points. The technology-heavy NASDAQ 100, which had slumped by almost 2.9 percent the day before, gained 0.76 percent to 14,881.98 points.
According to Bankhaus Bethmann, investors can get used to larger fluctuations: “The combination of lower growth momentum and less support from the central banks should lead to higher market volatility,” believes investment strategist Reinhard Pfingsten. The probability of a major correction increases, but could then offer a new entry opportunity./edh/he
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