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New York Stocks End: Omikron and Powell weigh on Dow

NEW YORK (dpa-AFX) – The recovery attempt by the US stock exchanges at the beginning of the week came to an end on Tuesday for the time being. Once again, corona worries had investors firmly under control. In addition, statements made by the Fed chief Jerome Powell were annoying, because the Fed is apparently heading for a faster reduction in its securities purchases. Powell indicated that high inflation in the US might not be a passing phenomenon after all.

Der Dow Jones Industrial ultimately fell by 1.86 percent to 34,483.72 points, adding one more to the mostly cloudy month of November. Because: Overall, the minus for the US benchmark index in the penultimate month of the year is 3.7 percent. The annual balance sheet so far is still clearly positive at 12.7 percent. And the fact that the 200-day line currently running at slightly below 34,350 points, which signals the longer-term trend in the Dow, has held up so far should also have a relieving effect.

The market-wide S&P 500 fell on Tuesday by 1.90 percent to 4567.00 meters. The Nasdaq 100 After an initially stable course, it lost 1.61 percent to 16 135.92 points. He continues to record a monthly profit, which however shrank to 1.8 percent. The current annual plus is still around a quarter.

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