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NEW YORK (dpa-AFX) – Even after three weak trading days of the leading US index Dow Jones Industrial as a result, he was unable to recover on Wednesday. After temporary but clear price gains, the Dow was recently down 0.10 percent to 35,335 points. In the past few days, high inflation and the associated expectation of a significantly more restrictive monetary policy by the US Federal Reserve had weighed on the stock exchanges.
The market-wide S&P 500 was slightly up by 0.08 percent to 4581 points. The tech-heavy Nasdaq 100
, which had recently come under more pressure, rose by 0.32 percent to 15,258 points.
According to stockbrokers, speculation is increasing that the US Federal Reserve could raise interest rates in March by more than the 0.25 percentage point previously expected. It would tackle persistently high inflation in the United States with a higher interest rate hike.
The Consumer Goods Procter & Gamble increased the sales target for the financial year running until the end of June after a strong quarter. In the second fiscal quarter, sales climbed by six percent, exceeding market expectations. Business with household and health products was the main driver. Procter shares rose 3.6 percent at the top of the Dow.
The major insurer UnitedHealth exceeded its profit target, which had been raised several times, in the second Corona year. Net income attributable to shareholders for 2021 was $17.3 billion, up 12 percent year-over-year. The UnitedHealth papers rose by 0.7 percent.
The investment bank Morgan Stanley performed surprisingly well in equities trading in the fourth quarter of 2021. Sales in this segment increased by 13 percent, and analysts had hardly expected any change compared to the same quarter of the previous year. The stock gained 2.4 percent.
Die Bank of America also ended 2021 with a surprisingly good quarter, unlike other US financial institutions. Thanks to increased income and the reversal of provisions for loan defaults, the institute earned significantly more than a year earlier. The share price increased by 0.7 percent.
Ford stock lost 6.7 percent. Here, as the day before, investors made price gains after the papers had increased by more than 70 percent since the beginning of October./bek/nas
ISIN US2605661048 US6311011026 US78378X1072
AXC0343 2022-01-19/19:58
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