Dow Jones, S&P 500, Nasdaq: Sinkende Öl-Preise bescheren US-Börsen ein Plus
Erneut rutschen die wichtigsten US-Börsenindizes ab. An der Wall Street befeuert der Anstieg der Erzeugerpreise im August Spekulationen auf eine baldige Zinserhöhung durch die Fed.
After four consecutive losing days, US stock markets ended the week in the plus. The primary reason for this is the decline in oil prices, which have moved away from their multi-month highs. The Dow Jones US Standard Index increased by 0.8 percent to 52,487 points. The broader S&P 500 gained 0.8 percent and stands at 7,655 points.
The technology-heavy Nasdaq Composite rose by nearly one percent to 26,342 points. The Nasdaq 100, representing the 100 non-financial companies with the highest market capitalization, also rose by 0.8 percent to 29,345 points. The gains are largely attributed to the significantly lower energy prices. The price of a November delivery of Brent crude oil rose to up to 110 dollars in the night, but has since settled at around 104 dollars.
The movement of US West Texas Intermediate (WTI) oil has been similar. The situation remains tense in the Middle East, as the Huthi militia, allied with the Iranian regime, now controls the entire Red Sea coast of Yemen, increasing the risk to oil tankers passing through the Bab al-Mandab strait. This also threatens the alternative routes for oil from the Gulf states that run through Red Sea ports of Saudi Arabia.
However, without any negative impact from these developments, August inflation figures, which moved within expectations, suggest that the US Federal Reserve is almost certain to raise interest rates in the coming week.
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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