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This is what it looked like when Wall Street closed on Wednesday:
- Dow Jones -0.02 percent to 35,805.17 points
- Nasdaq 0.44 percent to 15,845.23 points
- S & P500 0.23 percent to 4,701.51 points
The shares started in negative terrain, but gradually recovered. The market has been anxious about what the result will be of the US Federal Reserve cutting its support purchases. Today, market participants gained more insight into what the members of the Federal Reserve’s interest rate committee think about the matter, when the minutes from the last interest rate meeting were published.
The United States is currently experiencing strong inflation in connection with the reopening of society. Unemployment is at a record low level and prices are rising sharply. In the minutes of the meeting, which was held three weeks ago, the committee writes that it will not hesitate to implement measures to address inflationary pressures. Meanwhile, inflation has reached its highest level since the 1990s, writes Bloomberg.com.
On Wednesday, there was an upturn in energy stocks and real estate, and the technology-heavy Nasdaq index also rose more than the other indices.
Lowest number of new unemployed in 50 years
Before the stock market opened, the US Department of Labor announced that the number of first-time applicants for unemployment benefits in the US (jobless claims) was 199,000 people last week. This is the lowest number since 1969, several American websites write.
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Gross domestic product (GDP) in the US rose 2.1 percent in the third quarter of 2021 measured at an annual rate, according to revised figures.
Personal consumption in the US increased in October more than expected from the previous month.
Order intake for durable goods in the US was down 0.5 per cent in October on a monthly basis. A slight increase of 0.2 per cent was expected in advance.
There will be no trading on the American stock exchanges on Thursday as the Americans celebrate Thanksgiving, or Thanksgiving.(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.
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