Boerse Express – New York Stocks Conclusion: Recovery after unstable development was successful

NEW YORK (dpa-AFX) – In a nervous trading and report on the US job market, US stocks finally posted noticeable gains on Friday and recovered slightly from the previous day’s losses. The Dow Jones Industrialist
gained 1.26 percent to 32 403.22 points. On a weekly basis, however, the leading index lost 1.4 percent. The S&P 500 at the market level was up 1.36 percent to 3770.55 points on Friday.

Also the high-tech Nasdaq 100, which has been particularly weak in recent days it still moved on to the recovery path with an increase of 1.56% to 10,857.03 points. Interest rates in the US, which are likely to continue to rise for a long time, had a particularly strong impact on tech stocks this week. The weekly balance of less than about six percent for the Nasdaq 100 reflects this.

US employment data for October was once again quite solid. “Overall, however, the report should neither increase nor decrease the pressure on the US Federal Reserve,” said Christian Scherrmann, a US economist at DWS asset manager. However, he still sees early signs “that higher benchmark interest rates are starting to impact labor markets” ./ ajx / he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0004 2022-11-05 / 09: 42

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