US-Börsen: Wall Street notiert weitestgehend im Plus – Warten auf Fed-Protokolle

Investors on Wall Street begin the midweek trading with mild optimism. The major indexes open the trading on Wednesday slightly higher. The leading Dow Jones index starts the day at 53,629 points, up 0.5 percent. The broader S&P 500 gains 0.5 percent, reaching 7,727. The higher borrowing costs hit the interest-sensitive technology shares, leaving the US technology exchange Nasdaq only slightly unchanged at 26,322 points.

Even the Nasdaq 100, which includes the 100 largest non-financial companies listed on Nasdaq, also shows little change, at 29,482 points. Rising bond yields have recently weighed on the markets. They make financing costs more expensive for companies and governments. Bonds become more attractive when they pay higher interest. The US government reacted to the situation on Wednesday by doubling the volume of its state bond purchases, from two to at least four billion dollars.

This pushes bond prices up and lowers yields, which move inversely. Treasury Secretary Scott Bessent aims to stabilize long-term bond markets. Bond yields for papers with more than 30 years have recently risen to their highest level in nearly 20 years, at 5.34 percent. As a response, yields drop by nine basis points, sitting at 5.2 percent on Wednesday.

"The 30-year US government bond yields have broken above their previous trading range," says a New York portfolio manager. "This has not only nervous investors, but also the Treasury." Hauke Siemßen, interest strategist at Commerzbank, comments: "The bond markets show tentative signs of stabilization."