NEW YORK (dpa-AFX) – Dwindling fears of inflation continued to support the US stock market on Tuesday. The day before, several US central bankers had arguments for an early tightening of the Monetary policy downplayed what still had an effect. Technology stocks in particular benefited again. The initial gains of the most famous Wall Street index, the Dow Jones Industrial (Dow Jones 30 Industrial), on the other hand, quickly crumbled again.
In early trading, the Dow was last up 0.04 percent to 34,407.49 points. The market-wide S&P 500 rose 0.08 percent to 4,200.35 points and the NASDAQ 100 advanced 0.22 percent to 13,672.30 points.
Fed Governor Lael Brainard, as well as Fed Presidents in Atlanta and St. Louis, Raphael Bostic and James Bullard, said higher inflation rates as a result of the recovery from the corona crisis were not surprising. However, they reiterated their view that price increases would likely be limited in time. Bullard added that he expects inflation above the Fed target of two percent in both 2021 and 2022./ck/he
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