Börse Express – New York Stocks: Dow moderately up

NEW YORK (dpa-AFX) – Der Dow Jones Industrial only slightly increased its midweek gains on Thursday. The US benchmark index rose 0.15 percent to 35,980.16 points. The S&P 500 but gave way by 0.65 percent to 4679.38 points.

The technology-driven Nasdaq 100 had to pay tribute to his rally the day before and even dropped by 2.47 percent to 15,887.79 points. He lost a large part of the profits he had made after the announcement of the monetary policy decisions of the US Federal Reserve (Fed) in the middle of the week.

On Wednesday, technology stocks in particular reacted with significant gains to the interest rate decision and the accompanying statements by the US Federal Reserve (Fed). “The Fed is stepping up its pace and will probably raise the key interest rate three times in the coming year,” wrote chief economist Cyrus de la Rubia of the Hamburg Commercial Bank. In the market it was said that the monetary authorities were only fulfilling expectations and providing more clarity.

Central banks around the world are currently weighing up how to counter the high inflation in a balanced way. On Wednesday, US investors were still betting that central bankers could take such steps without halting economic growth. On Thursday, however, doubts grew after the interest rate decisions in the euro zone and in Great Britain. The fact that the British central bank is resisting the high inflation and surprisingly raised its key rate for the first time in the corona pandemic caused irritation. In the euro area, however, there is no end in sight to the low interest rates. In China, however, the central bank is tending to ease further.

“While there seems to be a consensus among central banks around the world when it comes to easing, if necessary, there is a large gap in the way in which all those involved imagine the end of the expansionary monetary policy,” wrote market analyst Jochen Stanzl of CMC Markets. For the stock market, this patchwork of monetary policy is unsettling and therefore “not exactly confidence-building”.

Nevertheless, the stock markets are slowly but surely ending a strong year. So far, the Dow has gained around 18 percent in 2021 and the Nasdaq 100 even a good 23 percent – despite the pandemic concerns that have flared up again. “The fourth corona wave has put investor confidence to the test again, but we are still looking confidently into the new equity investment year 2022,” wrote DZ Bank. Cyclists should particularly benefit from this development, but so should the technology companies that are particularly important in the USA.

Among the biggest winners in the S&P 500 were the papers of the telecom company AT&T according to an analyst comment by almost seven percent. The recent price weakness has created an interesting opportunity for investors measured in terms of opportunities and risks, wrote the expert Simon Flannery of Bank Morgan Stanley. The expert expects many price drivers in 2022, including a merger of the subsidiary WarnerMedia with Discovery.

Accenture’s shares also shot up by around seven percent after reaching a record high in the course of trading. The consulting firm had increased its sales outlook.

In contrast, the sales target of the software company Adobe Systems missed analyst expectations. The expert Kirk Materne from Evercore ISI referred, among other things, to unfavorable currency effects. The shares plummeted by more than ten percent, bringing up the rear in the S&P 500./la/men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0354 2021-12-16/20:32

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