NEW YORK (awp international) – The US stock exchanges made another attempt at recovery on Thursday. The heavy losses of the past two trading days, which had pushed the Dow Jones Industrial to an eight-week low, were now followed by an increase of 1.18 percent to 34 423.48 points. From the record high at the beginning of November, the Dow has now plummeted by around six percent.
The market-wide S&P 500 advanced on Thursday by 0.91 percent to 4553.68 points. On the Nasdaq, the selection index 100 rose 0.52 percent to 15,959.90 points.
In the middle of the week, the first case of infection with the Omikron virus variant in the USA ended a recovery attempt on the ailing US stock exchanges. The downward trend was particularly strong, especially in the last one and a half hours of trading.
“Investors find it difficult to assess the economic consequences of Omikron because the data situation is insufficient,” wrote chief strategist Mark Haefele of the UBS bank. Investors apparently expected further turbulence on the stock exchanges.
Meanwhile, JPMorgan analyst Marko Kolanovic argued: According to initial reports, the Omikron variant could be less deadly than its predecessor. This would be consistent with findings from the development of viruses in the past. An end to the pandemic could come in sight and high-risk investments such as stocks could benefit from it./ck/mis
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