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NEW YORK (dpa-AFX) – After the sell-off on Tuesday, the US stock markets began to recover in the middle of the week. Shares from the consumer goods and utilities sectors topped the list of winners. Fresh data from the US real estate market had little impact on the quotes.
The Dow Jones Industrial (Dow Jones 30 Industrial) recently rose 0.35 percent to 34,420.36 points. The day before, the leading index had fallen by a good 1.6 percent. The broader S&P 500 rose 0.25 percent on Wednesday to 4363.57 counters. The technology-heavy NASDAQ 100, which had slumped by almost 2.9 percent the day before, stagnated at 14,770.32 points.
According to Bankhaus Bethmann, investors can get used to larger fluctuations: “The combination of lower growth momentum and less support from the central banks should lead to higher market volatility,” believes investment strategist Reinhard Pfingsten. The probability of a major correction increases, but could then offer a new entry opportunity.
Micron Technology’s papers lost 2.5 percent of the individual values. The semiconductor company had disappointed with its outlook the day before after the close of trading.
Meanwhile, aviation stocks such as Boeing and Spirit Aerosystems were strong. The Boeing titles rose 3.5 percent as the Dow front runner, those of Spirit Aerosystems soared 6.2 percent. The investment bank Bernstein recommended the shares to buy in an industry study. According to the expert Douglas Harned, the turning point is finally around the corner for global travel. He raised his forecasts for the delivery of civil aircraft, the traffic and also the capacities.
Dollar Tree stocks shot up more than 16 percent. The low-cost chain increased its authorization to buy back its own shares from $ 1.45 to $ 2.5 billion./edh/he
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