NEW YORK (dpa-AFX) – A very weak start to the week on the US stock exchanges was followed by a stabilization attempt on Tuesday. Despite the further increase in new corona infections and the approaching presidential elections, economic data provided support. The company also issued mostly positive quarterly reports.
In early trading, the Dow Jones Industrial fell 0.12 percent to 27,652.17 points after the Wall Street Index started the week below the 28,000 mark and at times dropped to its lowest level since late September. The market-wide S&P 500 turned positive on Tuesday after initially slight losses and gained 0.12 percent to 3404.93 points. The technology-heavy selection index Nasdaq 100 rose 0.43 percent to 11,554.38 points.
On the economic side, it was clear that house prices rose significantly more than expected in August and that US companies continued to invest in larger purchases such as machines, despite the tense corona situation. In September, for example, the fifth increase in a row was reported after orders for durable goods collapsed in the spring due to the corona ./ck/jha/
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