Börse Express – New York shares: Dow makes up some ground according to Fed minutes

NEW YORK (dpa-AFX) – After the publication of the minutes of the last meeting of the US Federal Reserve, US stocks limited the losses a little on Wednesday. The leading index Dow Jones Industrial recently fell by 0.45 percent to 34,832 points. Before that, the Dow was down almost one percent.

The US central bankers consider a significant reduction in their balance sheet to be appropriate. This also applies to rate hikes in the near future, as the document shows.

In early trading, the Ukraine conflict weighed on US stock markets. The relief on Wall Street at signs of easing in the conflict has already evaporated. According to NATO findings, Russia is continuing its troop deployment in the border area with Ukraine, contrary to other announcements. The US government also sees no signs of an end to the Russian troop deployment on the border with Ukraine.

The market-wide S&P 500 fell by 0.30 percent to 4458 points. The tech-heavy Nasdaq 100 fared stronger
down 0.89 percent to 14,490 points.

Kraft Heinz shares topped the S&P 500 with a premium of 4.5 percent. The food manufacturer more than offset rising costs with higher prices for its products in the fourth quarter.

On the other hand, the shares of ViacomCBS experienced a course disaster
, they collapsed by almost 20 percent. The media group has recently grown strongly in the streaming business. However, the investments for this growth are depressing the results.

The semiconductor manufacturer Analog Devices reported a decline in earnings for the fiscal first quarter, but still performed better than expected. The price advanced 1.5 percent.

The apartment broker Airbnb posted strong business growth at the end of the year despite the burdens caused by the rampant type of coronavirus Omikron. This caused the price to rise by almost five percent./bek/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0372 2022-02-16/20:28

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