NEW YORK (dpa-AFX) – A speech by Jerome Powell lured investors back into stocks on Wall Street on Friday. The US Federal Reserve chief fulfilled rather the wishes of those in terms of Monetary policy hoped for casual statements. In the end, the Dow Jones Industrial (Dow Jones 30 Industrial) rose by 0.69 percent to 35 455.80 points. The New York benchmark index thus introduces a weekly plus of almost one percent.
The other New York indices also rose, once again reaching record highs: the market-wide S&P 500 ultimately gained 0.88 percent to 4509.37 points and the technology-heavy NASDAQ 100 even went up 1.01 percent to 15,432.95 points high. In the Dow, however, 175 points were missing from a record that is now almost two weeks old.
Powell’s speech had been a central topic in the financial markets for days. Although he held out the prospect of a reduction in Fed bond purchases this year, he remained vague and pointed out the dangers currently emanating from the corona virus. The monetary watchdog also emphasized that a reduction in bond purchases is not an immediate sign of an imminent one Rate hike sei./tih/he
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