NEW YORK (dpa-AFX) – After the loss of the previous week, the US stock market appears to be returning to the path of recovery on Monday. Broker IG estimated the Dow Jones Industrial just under an hour and a half before the starting bell, half a percent firmer at 33,457 points.
On the technology-heavy Nasdaq exchange, only a thin plus is emerging. The Nasdaq 100 had posted fewer losses on Friday than the standard value indices. On the economic and corporate side, investors have a quiet day ahead of them.
James Bullard, the president of the regional US Federal Reserve in St. Louis, brought a rate hike into play on Friday in the coming year. In addition to the great decline on the futures exchanges, this had put the prices under pressure.
Investors’ eyes are now on a hearing with Fed chief Jerome Powell before parts of the US Congress this Tuesday. It is about the central bank’s reaction to the corona pandemic. Powell’s remarks should be carefully checked for clues about future monetary policy./ajx/jha/
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