WDH/Stocks New York End: Dow Firmer After Oil Price Slip – Nasdaq Unchanged

(Typo corrected in headline: Dow)

If oil prices fall significantly, this will reduce inflationary pressure. This could give the US Federal Reserve more room to cut interest rates. This is probably what stock market investors are thinking right now. In addition, many companies are benefiting from weaker oil prices in terms of cost.

In the end the Dow Jones Industrial gained 0.65 percent to 42,387.57 points after the most famous Wall Street index fell by almost three percent last week.

The market-wide S&P 500, which had lost about one percent the previous week, rose 0.27 percent to 5,823.52 points on Monday. The technology stock index Nasdaq 100, which was able to block the negative trend and some gains in the previous week, gave up its moderate gains before the end of trading. It finally closed unchanged in percentage terms at 20,351.07 points.

The presidential election on Tuesday next week is also increasingly coming in, which is why big jumps on the US stock markets are not expected until then. “In the last few trading days, market participants were positioning themselves even more strongly in terms of Trump’s victory: the yield on government bonds rose significantly, the stock markets were moving in a positive way,” said Dekabank. Now everyone is waiting to see what will happen on election day: will the Republican Donald Trump become president again or will the Democratic Party’s Kamala Harris be the first woman to go into the White House?/ck/he