Home » News » Stocks New York: New records – Dow struggles with 35,000-point mark | 07/12/21

Stocks New York: New records – Dow struggles with 35,000-point mark | 07/12/21

NEW YORK (awp international) – After a slightly weaker start, the best-known US index Dow Jones Industrial turned positive on Monday. With a premium of 0.25 percent to 34,956.03 points, the Wall Street stock market barometer is currently fighting again with the 35,000 point mark. It is thus on the way again towards its record high from May at a little below 35,100 points.

The technology-heavy Nasdaq indices led the way, as they reached new highs right from the start of trading. The S&P 500 soon followed. He last won 0.12 percent to 4374.92 points. The Nasdaq 100 technology selection index, which initially climbed to just under 14,900 points, recently rose by a moderate 0.08 percent to 14,838.15 points.

In view of the eventful week ahead, investors are likely to be more cautious for the time being, market observers expect. On Tuesday, for example, new inflation data are due, which will be given special attention as they help determine the course of US monetary policy. After inflation reached a 13-year high of 5.0 percent in May, it is likely to have remained high in June. Since the increase is partly due to the severe price slump during the first Corona wave in spring 2020, it is currently not too worrisome. However, the underlying inflation also seems to have increased recently./ck/jha/

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