NEW YORK (awp international) – The US stock markets, which have recently been under strong pressure, started a renewed attempt to recover in the middle of the week. In addition to the escalating war in Ukraine, the focus is on statements by US Federal Reserve Chairman Jerome Powell, who had signaled an interest rate hike for March.
The Dow Jones Industrial rose 1.19 percent to 33,689.73 points on Wednesday. The market-wide S&P 500 gained 1.07 percent to 4352.25 points. The technology-heavy selection index Nasdaq 100 rose by 0.51 percent to 14077.71 points. The day before, all three leading indices had fallen significantly and thus given up some of the recovery gains of the previous days.
Negotiators from Russia and Ukraine want to meet for talks on a ceasefire for the second time since the war began. However, Russian attacks on Ukrainian cities continued on the seventh day of the war. The European Union and the US tightened sanctions against Russia and also imposed restrictions on Russian ally Belarus.
At the software manufacturer Salesforce, a disappointing earnings outlook for the current quarter outweighed a surprisingly positive sales outlook. Shares in the SAP rival lost 2.1 percent, bringing up the rear in the Dow.
The fact that Ford is turning its back on Russia because of the Ukraine war did not deter investors. The second-largest US automaker also announced that it would operate the business with battery-powered and networked vehicles in an independent division in the future. The Ford papers recorded a price increase of 4.5 percent and were thus at the top of the S&P 100 index.
iPhone maker Apple suspended sales of its products in Russia because of the war. Exports to all trade channels in the country were stopped last week, it said. The Apple Pay payment service and other services have also been restricted. Apple stocks gained 0.8 percent./edh/he
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