Pressure rises: Oil prices cause nervousness: Dow Jones breaks off recovery and ends the day weaker message

—The Dow Jones opened the session with a plus of over three percent and initially maintained this trend. In late trading, however, it fell behind and had to surrender all premiums. He left the evening with a loss of 0.12 percent at 22,653.86 points.

The recent recovery on Wall Street had stalled on Tuesday.

Oil prices had turned negative in the course of the trade and this had made investors somewhat nervous, said equity strategist Matt Maley from Miller Tabak & Co. Given the recent strong fluctuation in the stock market, it did not take much for the bulls to pull their horns back in again.

The drop in oil prices, on the other hand, is associated with concerns by stock marketers that the oil producing countries organized in OPEC + could not agree on a sufficiently large reduction in production volumes on Thursday to support the prices. The oil market is currently suffering from a double shock. In addition to the massive drop in demand as a result of the corona pandemic, leading oil nations have been fighting a price war since March.

Editorial office finanzen.net / dpa-AFX

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