Börse Express – Aktien New York Conclusion: Investors on the US stock exchanges are willing to take risks again

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 again approached the hurdle of 28,000 points. The day before, the Dow had easily jumped this mark and climbed to just over 28,150 points. However, when it was back at its highest level since late February, there had been some profit-taking in late trading.

The market-wide S&P 500 rose on Wednesday by 1.40 percent to 3380.35 points and is thus back on the way towards its record high of around 3393 points reached on February 19. The tech-heavy Nasdaq 100 , which had weakened after a record high on Thursday, gained 2.59 percent to 11,157.72 points.

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

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

– .