Home » News » Börse Express – New York shares Conclusion: Dow defies bad economic data

Börse Express – New York shares Conclusion: Dow defies bad economic data

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NEW YORK (dpa-AFX) – After a bumpy start against the background of weak economic data, the US stock exchanges started moving forward again on Thursday. The Dow Jones Industrial , which had fallen 0.7 percent in early trading, turned positive and ended up rising 1.03 percent to 32,529.63 points. It thus reached its highest level in seven weeks.

Equities received support from bond trading, where capital market interest rates fell after the weak growth data. The yield on ten-year US Treasury bonds has meanwhile slipped to its lowest level in more than three months.

The market-wide S&P 500 rose by 1.21 to 4072.43 points. The tech-heavy Nasdaq 100 increased by 0.92 percent to 12,717.87 points after having already jumped more than four percent on Wednesday./bek/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0364 2022-07-28/22:16

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