Indices in this article
NEW YORK (dpa-AFX) – Wall Street remained on the recovery course on Tuesday. In particular, the two most important tech indices Nasdaq 100 and Nasdaq Composite (NASDAQ Composite Index) continued to grow, each reaching record highs. The standard values, on the other hand, were a little less dynamic.
The Dow Jones Industrial (Dow Jones 30 Industrial) fluctuated around its closing price from the previous day and went 0.20 percent higher at 33,945.58 points. The US benchmark index had already recovered a good bit from its loss-making week on Monday and closed 1.8 percent higher.
The S&P 500, which represents the broad market, advanced on Tuesday by 0.51 percent to 4246.44 points. The Nasdaq 100 rose 0.94 percent to 14,270.42 points. The record high reached during the day is now 14 288 points.
Attention turned to a public hearing of Federal Reserve Chairman Jerome Powell in the US Parliament. Powell said inflation in the US has recently risen faster than expected. However, the head of the central bank also repeated earlier statements that the price increase was probably only temporary. According to stockbrokers, these remarks speak against interest rate hikes that were earlier than previously expected, which would make equities appear less attractive compared to bonds. / La / eas
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