Börse Express – ROUNDUP / Aktien New York Conclusion: in red after an extraordinarily strong October

NEW YORK (dpa-AFX) – Earlier this week with the US interest rate decision, investors in the US stock market made profits. The Dow Jones Industrialist paid tribute to Monday’s October rally, dropping 0.39% to 32,732.95 points. With nearly 14% growth, it was an exceptionally strong month for the leading US index.

The S&P 500 at the market level the first trading day of the new week fell 0.75% to 3871.98 points. The Nasdaq 100 was even stronger with minus 1.22 percent at 11,405.57 points, which means that the monthly plus for the tech index is around four percent.

The focus this week is on the US Federal Reserve with its interest rate decision on Wednesday, before the October job market report likely gets more attention on Friday.

Market participants are firmly expecting another sharp rise in interest rates of 0.75 percentage points. However, investors are already looking ahead and asking for an answer to the question of whether and when the Fed will slow the most dynamic rate hike in history, said capital market strategist Jürgen Molnar of broker Robomarkets.

Marko Kolanovic, strategist at US bank JPMorgan, assumes that the pace of monetary tightening by central banks has likely peaked. This hope on the part of market participants and the related recent decline in bond market yields were a key factor in the stock market price gains in October.

Tech stocks proved to be a drag on the broader market on Monday. The Apple shares it fell by 1.5 percent. Reports on a crown lock at the supplier Foxconn in China it caused uncertainty.

Intel lost 2.2 percent. According to DZ Bank, the weakness of the global PC market has been exacerbated by manufacturing problems with server chips, which could result in a loss of market share. On Friday, investors were still celebrating high price gains and cost reduction plans were well received.

Half it remained under pressure after disappointing data and forecasts from the previous week. Newspapers from the Facebook group hit another low since early 2016 and closed with a good 6% weakness.

The shares of the biotech company Amgen and construction equipment manufacturer Caterpillar lost by 1.3% according to analysts’ evaluations.

the euro mainly influenced by the strength of the dollar. After the close of the New York market, the European common currency traded at $ 0.9883. The European Central Bank had set the reference rate at 0.9914 (0.9951) dollars, so the dollar cost 1.0087 (1.0049) euros.

Prices continued to fall on the bond market. The 10-year Treasury futures contract (T-Note Future) fell 0.30 percent to 110.67 points. In return, the yield on 10-year government bonds rose to 4.06 percent / ajx / he

— By Achim Jüngling, dpa-AFX —

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0275 2022-10-31 / 21: 38

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