NEW YORK (dpa-AFX) – The first trading day in 2022 brought profits to the US stock exchanges. However, the start of the stock market on Monday was a bit bumpy. At times the plus crumbled completely in early trading and the most important indices briefly plunged into the red before moving up again. Investors initially focused on Tesla after strong delivery figures in the fourth quarter. Later on, Apple also drew more attention, because the market value of the iPhone manufacturer jumped the three trillion US dollar mark for the first time.
At the close of trading, the Dow Jones Industrial posted an increase of 0.68 percent to 36,585.06 points and closed just below its high for the day. The best-known Wall Street index is now less than 100 points to reach the record high of just under 36,680 points, which it climbed on the penultimate trading day of 2021.
The S&P 500, which had also reached a record last Thursday, now rose 0.64 percent to 4796.56 points. The Nasdaq 100, which is mainly equipped with technology stocks, gained 1.11 percent to 16,501.77 points.
A market observer referred to the thin trading volumes in view of the initial ups and downs on the US stock exchanges. In addition, they would have had a very good run in the past year, which is why things will probably not go up so easily in 2022. While the outlook for equities is still good, monetary policy must now be monitored more closely, he said.
Because: The US Federal Reserve announced in December that it would exit its extremely loose monetary policy more quickly in view of the high inflation. The billion-dollar purchases of securities such as government bonds are to be scaled back more quickly and the key interest rate is to be raised again soon. The US central bankers expect a total of three interest rate hikes of 0.25 percentage points each in 2022. “It will be the first rate hike since 2018, and that will have an impact on the stock markets,” said Marktbeberber./ck/he
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