NEW YORK (awp international) – The US stock exchanges, which have been strong recently, found their way up again on Thursday after initial difficulties. The leading index Dow Jones Industrial recently gained 0.78 percent to 34,330.16 points. The broader S&P 500 was up 0.82 percent to 4,393.71 points, and the tech-heavy Nasdaq 100 index rose 0.68 percent to 14,051.50 points.
The market is still trying to get a sense of what the Federal Reserve’s recent statements mean going forward, an observer said. Investors evidently continued to trust that the monetary authorities would manage to avoid a “hard landing” for the world’s largest economy. As expected, the Fed increased its key interest rate on Wednesday for the first time since the beginning of the corona pandemic. In addition, she is assuming that there will be more interest rate hikes by the end of the year and that economic growth will be significantly lower than in December. Meanwhile, tangible progress in the negotiations between Russia and Ukraine is still a long way off.
Price-moving company news was rare on Thursday. Nutrien shares rose four and a half percent to $98.06. The fertilizer company had announced that it wanted to significantly expand its production in the current year and thus also compensate for losses in Eastern Europe due to the Russian war of aggression against Ukraine. Since it began three weeks ago, the stock has at times gained more than a third in value – after a record high of $ 102.25 almost a week ago, it had fallen back somewhat.
In the case of the department store chain Dollar General, shareholders were pleased about a price increase of more than three and a half percent. The company’s earnings per share fell last quarter, in line with market expectations. However, the outlook for the year was positive.
Conversely, some technology stocks paid some tribute to the previous day’s jumps. The shares of the Chinese industry representatives Pinduoduo, JD.com and Baidu listed on the Nasdaq lost up to almost eight percent and those of the Amazon competitor Alibaba almost four percent
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