Dow Jones, S&P 500, Nasdaq: US-Börsen liegen tiefer – doch die August-Bilanz ist positiv
Der Dow Jones steuert auf seinen fünften Monatsgewinn in Folge zu. S&P 500 und Nasdaq stehen vor der ersten positiven Bilanz seit Mai. Belastend wirken weiter steigende Bondrenditen.
Investors in the United States commence the new trading week with subdued sentiment. The key indices on Wall Street continue to lose value throughout the trading session. The Dow Jones industrial average declines 0.6 percent to 53,222 points. The broader S&P 500 index falls 0.4 percent to 7,680 counters. The technology-heavy Nasdaq also drops 0.4 percent to 26,310 points.
The Nasdaq 100, which represents the 100 largest non-financial companies by market capitalization, remains relatively unchanged. Analysts expect the August market month to end slightly positively overall. The Dow Jones is on track for its fifth consecutive monthly gain, while the S&P 500 and Nasdaq would be posting their first positive monthly performance since May.
No major stock market events are scheduled for the start of the week. Instead, the recent remarks by Kevin Warsh, the prominent speaker at the Federal Reserve's Jackson Hole symposium, continue to reverberate through the markets. Warsh reiterated his commitment to price stability and stated that the Federal Reserve still has substantial work to do if inflation does not move quickly enough towards its two percent target.
Moritz Kraemer, chief economist at Landesbank LBBW, described Warsh's speech as "profoundly hawkish." In financial jargon, the "hawks" are proponents of a tight monetary policy.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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