NEW YORK (dpa-AFX) – In the USA, the stock exchanges on Tuesday at the start of trading are similar to the start of the week. Wall Street’s best-known index, the Dow Jones Industrial, appears to be stuck, while the Nasdaq indices, which are predominantly tech-stock-heavy, continue to recover. Economic data of late has underscored the economy’s resilience, bolstering hopes of a “soft landing for the economy,” said Sophie Lund-Yates, an equity analyst at wealth manager Hargreaves Lansdown. This creates an environment in which technology stocks could thrive better, and this general optimism is spreading across global markets.
The Dow fell 0.09 percent in early trading to 34,431.71 points, similar to the previous day. The market-wide S&P 500 went up 0.20 percent to 4408.76 points. The predominantly technology stocks Nasdaq 100 gained 0.40 percent to 14,997.40 points after gaining 1.7 percent on Monday. However, the Nasdaq exchanges have also weakened significantly more than the Dow./ck/he since the beginning of the month
2023-08-22 14:22:44
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