Investors on the US stock exchanges regained courage on Wednesday and were willing to take risks again. The surprisingly sharp rise in consumer prices in the USA in July had little impact on retail activity. The US stock market barometer Dow Jones Industrial felt its way up 1.05 percent to 27,976.84 points
The market-wide S&P 500
Analyst Craig Erlam from broker Oanda rated the once again friendly market trend as an “encouraging sign”. In terms of charts, the situation is not easy. In order to strengthen investor confidence, new highs for the Dow and the broad S&P 500 are needed, and ideally an end to the recent series of losses on the Nasdaq technology exchange.
The weal and woe in the market are currently primarily dependent on events in the US Congress. There is still an agreement between Republicans and Democrats on a new Corona aid package. The talks are stuck in a dead end, which had probably triggered the profit-taking the day before. Most recently, representatives of the US Federal Reserve (Fed) put pressure./ck/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0363 2020-08-12 / 22:17
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