US-Börsen: Wall Street dreht ins Plus – und trotzt negativen Vorzeichen

US markets experience a positive trend despite negative indicators. Investors remain unperturbed by rising U.S. Treasury yields, high oil prices, or geopolitical crises. Even after a losing day on Wall Street, major U.S. indices closed the trading week without losses: the Dow Jones Industrial Average was up 0.8 percent at 53,168 points and the S&P 500 gained 0.5 percent at 7,681 points.

The tech-heavy Nasdaq also gained 0.5 percent, reaching about 26,200 points. The Nasdaq 100, which includes the 100 largest non-financial companies listed on the Nasdaq, rose 0.4 percent to 29,322 points. U.S. government bond yields have recently hit their highest level in 25 years, with returns on 30-year U.S. Treasury bonds surpassing five percent following a recent auction.

Factors contributing to this increase include the Hormuz Strait blockade driving oil prices higher, which in turn raises inflation expectations and speculation about potential central bank rate hikes. As inflation expectations rise, bond yields typically increase as well. Meanwhile, investors grow skeptical of U.S. fiscal policy: the national debt has surpassed $40 trillion, with the U.S. Treasury Department estimating it will spend around $100 billion per month on interest payments alone.

US Financial Minister Scott Bessent announced that the government will increase its bond buybacks from two to at least four billion dollars, but the effect of this announcement was short-lived. Treasury Secretary's statement briefly calmed markets, but did not lead to relaxation. Analyst Thomas Altmann from QC Markets warns that while the announcement brought some relief, it did not restore calm.

Markets now await further details on how the U.S. plans to handle its high borrowing costs. Oil prices continue to rise, with tensions in the Middle East still a concern. President Donald Trump has threatened military action against Iran, while also hinting at a potential diplomatic solution. However, Trump's threats of a quick resolution are increasingly seen as unrealistic.

In response to Trump's recent threats, oil prices have risen, with Brent crude reaching above $93 per barrel, its highest in nearly four weeks. Meanwhile, Bitcoin and gold are gaining value, with Bitcoin experiencing its strongest gain in two years and trading around $78,000. Trump met with leaders of major cryptocurrency companies like Coinbase, Ripple, and Gemini to discuss greater support for the industry, aiming to compete with China, and pushed for a rapid passage of the Clarity Act, a proposed crypto regulation bill.

Despite Bitcoin and gold gaining investor interest, the U.S. dollar weakened, losing about one percent over the week, closing near its three-month low of 98.557.