NEW YORK (awp international) – After the significant slide the day before, the US stock markets attempted to recover in the middle of the week. Shares from the consumer goods and utilities sectors topped the list of winners. Fresh data from the US real estate market had little impact on the quotes.
The Dow Jones Industrial recently rose 0.55 percent to 34,487.09 points. The day before, the leading index had fallen by a good 1.6 percent. The broader S&P 500 rose 0.57 percent on Wednesday to 4,377.51 points. The technology-heavy Nasdaq 100, which had slumped by almost 2.9 percent the day before, gained 0.69 percent to 14,872.22 points.
According to Bankhaus Bethmann, investors can get used to larger fluctuations: “The combination of lower growth momentum and less support from the central banks should lead to higher market volatility,” believes investment strategist Reinhard Pfingsten. The probability of a major correction increases, but could then offer a new entry opportunity.
Among the individual values, the papers from Micron Technology recovered from their significant initial loss and were most recently around 0.1 percent in the red. The semiconductor company had initially disappointed with its outlook the day before after the stock market closed.
Meanwhile, aviation stocks such as Boeing and Spirit Aerosystems were strong. The Boeing titles rose as the Dow front runner by 5.2 percent, those of Spirit Aerosystems soared 7.5 percent. The investment bank Bernstein recommended the shares to buy in an industry study. According to the expert Douglas Harned, the turning point is finally around the corner for global travel. He raised his forecasts for the delivery of civil aircraft, the traffic and also the capacities./edh/jha/
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