Börse Express – New York stocks: Prospects of next major interest rate move weighed on

NEW YORK (dpa-AFX) – Investors are holding back a day before the likely next sharp rise in interest rates in the USA. The leading index Dow Jones Industrial fell 0.20 percent to 31,926.28 points in early trading on Tuesday. On Friday it had climbed to its highest level in six weeks. Also weak earnings reports from Walmart UPS
and General Motors pushed the mood.

The Federal Reserve’s interest rate decision on Wednesday is being eagerly awaited. Then the Federal Reserve Bank is expected to raise interest rates by 0.75 percentage points. In view of the very high inflation, it may even be a whole point, as some stockbrokers speculate. However, several central bankers recently commented negatively on this.

The market-wide S&P 500 lost 0.47 percent on Tuesday to 3948.11 points. The tech-heavy Nasdaq 100
lost even more ground with 0.85 percent to 12,223.49 points./bek/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0239 2022-07-26/15:48

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