NEW YORK (dpa-AFX) – The US stock exchanges have picked up on their weak previous week to kick off Monday trading. Analyst Craig Erlam from broker Oanda identified several negative factors with the effects of the Corona variant Omikron, the monetary policy tightening plans of the major central banks and the impending failure of US President Joe Biden’s social and climate plans. The US bank Goldman Sachs even lowered its growth forecast for the US economy after the Democratic Senator Joe Manchin announced on Sunday that he would not agree to a billion dollar social and climate package.
In the first few minutes of trading after the stock market launch in the Christmas week, the leading index Dow Jones Industrial reacted to this mixed situation with a discount of 1.59 percent to 34,803.94 points. The market-wide S&P 500 slipped 1.38 percent to 4557.04 points. For the technology-heavy Nasdaq 100, which got off quite lightly on Friday compared to the standard values, it was now down 1.18 percent to 15,614.45./ajx/men
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