NEW YORK (dpa-AFX) – The indices on Wall Street stayed close to their latest highs for most of Tuesday, with only minor discounts. At the end of the day, investors decided to take some profits on the Dow Jones Industrial (Dow Jones 30 Industrial). The leading index closed 0.29 percent lower to 33,430.24 points.
In the medium and long term, the trend arrow in the Dow clearly points upwards, wrote chart technology expert Franz-Georg Wenner from Index Radar. In the coming days, however, investors should be patient. Allianz economists believe that President Joe Biden’s stimulus package to improve infrastructure will drive US growth over the long term.
A surprisingly strong increase in employment in the United States in March had driven both the Dow and the broad-market S&P 500 to highs the day before. The mood among service providers in the USA also brightened more strongly than expected in March. This Tuesday, the S&P 500 initially set another record. From trading, it went down by 0.10 percent to 4073.94 meters. The tech-heavy NASDAQ 100 fell 0.14 percent to 13,578.46 points./ajx/he
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