NEW YORK (dpa-AFX) – The recovery attempt on Wall Street stalled again in the middle of the week. The Dow Jones Industrial lost 0.3 percent to 30,426 points in early trading on Wednesday. The market-wide S&P 500
fell by 0.1 percent to 3760 points. The tech-heavy Nasdaq 100 on the other hand, its upward movement from Tuesday continued, slowed down, and most recently rose by 0.3 percent to 11,584 points.
Federal Reserve Chairman Jerome Powell will hold his regular hearing before the US Senate this Wednesday. The Federal Reserve recently intensified its fight against high inflation with an unusually large interest rate hike of 0.75 percentage points. Powell now reiterated that the Fed will continue to tackle high inflation./edh/mis
ISIN US2605661048 US6311011026 US78378X1072
AXC0255 2022-06-22/16:26
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