Friday, 07/28/2023 10:16 p.m. from dpa-AFX
NEW YORK (dpa-AFX) – The US stock exchanges rose again on Friday, buoyed by hopes of the approaching interest rate summit by the central banks. Shares from the investment and financing-dependent technology sector reacted particularly sensitively, the Nasdaq 100 index gained 1.85 percent to 15,750.93 points.
The leading index Dow Jones Industrial closed 0.50 percent higher at 35,459.29 points. The market-wide S&P 500 went up 0.99 percent to 4582.23 points. All three indices posted gains on a weekly basis, with the Nasdaq 100 performing best at plus 2.1 percent.
In the USA, inflation continues to slow down. The PCE price index, which is particularly watched by the US Federal Reserve, rose by 3.0 percent year-on-year, after 3.8 percent in the previous month. That was expected. For more than a year, the Fed has been fighting the high inflation with sometimes sharp increases in interest rates. This week it continued to tighten its monetary policy slightly and left the future course largely open. Due to falling inflation, however, Fed observers believe it is possible that key interest rates will not rise any further for the time being./ajx/he
other topics
2023-07-28 20:16:00
#Equities #York #Conclusion #profits #interest #rate #hopes #fuel #tech #stocks
