Börse Express – New York Equities: Dow slightly weaker at the end of a strong October

NEW YORK (dpa-AFX) – Earlier this week with the US interest rate decision, US exchanges paid tribute to their recent rally. The Dow Jones Industrialist It fell 0.80 percent to 32,600.43 points at the start of Monday’s trading. With current growth of 13.5 percent, the leading US index faces an exceptionally strong balance for the month of October.

The S&P 500 at the market level it fell 0.90 percent to 3865.78 points in the first half hour on Monday. The Nasdaq 100
it lost 1.37 percent to 11,387.54 points. The monthly plus for the technology index is currently 3.8%.

The focus this week is on the US Federal Reserve with its interest rate decision on Wednesday. The October job market report is therefore expected to attract more attention on Friday. Market participants are firmly expecting another sharp rise in interest rates of 0.75 percentage points. However, investors are already looking ahead and asking for an answer to the question of whether and when the Fed wants to slow the most dynamic rate hike in history, capital market strategist Jürgen Molnar of broker RoboMarkets explained.

For this to happen, the US economy should show signs of weakness that have not really materialized so far. According to Commerzbank analyst Bernd Weidensteiner, the cooling of the US labor market hoped for by the Fed appears to be happening only very gradually. Meanwhile, the Chicago Purchasing Managers’ Index released on Monday was worse than expected

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0197 2022-10-31 / 15: 12

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