Dow Jones, S&P 500, Nasdaq: Sinkende Ölpreise stützen US‑Börsen – Wall Street schließt im Plus
Nach verlustreichen Tagen beendet die Wall Street die Woche mit einer positiven Note. Inflationsdaten im Rahmen der Erwartungen machen eine Zinserhöhung wahrscheinlicher.
After four consecutive days of losses, US stock markets end the week in the black. The primary reason is the decline in oil prices, which has retreated from its month-long highs. The Dow Jones Industrial Average closes up one percent at 52,573 points. The more broadly based S&P 500 gains a little more than one percent, settling at 7,656 points.
The technology-heavy Nasdaq Composite index also rises by one percent, standing at 26,333 points. The Nasdaq 100, representing the 100 largest non-financial companies by market capitalization, gains 0.9 percent, closing at 29,368 points. The gains are largely attributed to much lower energy prices. The price of a November delivery of Brent crude has risen to nearly $110 in the past 24 hours, down from over $105.
The movement in US West Texas Intermediate (WTI) oil futures is similar, with the price settling at around $100 in the evening. However, tensions remain high in the Middle East. The Houthi militia, allied with the Iranian regime, has now controlled the entire Yemeni Red Sea coast, increasing the risk to oil and gas tankers attempting to pass through the Bab al-Mandab strait.
This also jeopardizes the alternative routes for oil from Gulf countries that run through Red Sea ports. Inflation figures for August, which moved within expectations, suggest that the US Federal Reserve will likely 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.
