NEW YORK (dpa-AFX) – The US stock exchanges continued on Monday with significant losses from the pitch-black previous week. High inflation, the expectation of interest rates rising faster, the wave of omicron infections, a mixed reporting season so far and then the Ukraine conflict – there are currently a wide range of reasons for very nervous investors to withdraw.
The Dow Jones Industrial, which was down 4.6 percent over the previous week, fell 1.49 percent in early trade to 33,754.75 points, its lowest level since September. The market-wide S&P 500 went down 1.7 percent. The Nasdaq 100 continued this particularly rapidly: the technology-heavy selection index fell in early trading by 1.74 percent to 14,187.36 points. It’s at its lowest level in half a year.
However, the lynchpin for investors remains US monetary policy. At the first central bank meeting of this year on Wednesday, no key rate changes are likely to be announced as part of the decision. The capital market strategist Jürgen Molnar from Robomarkets then expects more clarity about when and at what speed the central bank wants to “turn off the money supply to the markets in the fight against inflation.”/tih/he
Source: dpa-AFX
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