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NEW YORK (dpa-AFX) – The tense situation on the oil market weighed on the US stock market on Monday. The Wall Street Index Dow Jones Industrial (Dow Jones 30 Industrial) fell noticeably after an initially stable start to trading and at times fell below 34,000 points.
According to experts, the major world exchanges are still in the grip of supply chain problems in central industries, rising energy prices and high inflation. Investors were put off by the fact that, against this background and despite the shortage on the world market, the oil supply group Opec + did not want to increase its daily production in November more than planned. Because that keeps the situation on the oil market tense. Oil prices, which promptly rose sharply, are now likely to rise further and further inflation.
The Dow finished trading down 0.94 percent to 34,002.92 points. The S&P 500 lost 1.30 percent to 4,300.46 points after briefly falling to its lowest level since mid-July. The technology-heavy NASDAQ 100 fell to its lowest level since the end of June, before saying goodbye at a discount of 2.16 percent to 14,472.12 points.
The slightly better than expected order entry data from the US industrial sector for the month of August, which was released shortly after the start of trading, did not offer any support. Investors currently prefer to stay on the sidelines, said es./ck/he
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