Dow Jones, S&P 500, Nasdaq: Abwarten vor dem Zinsentscheid – US‑Börsen öffnen unverändert
Am Dienstag halten sich die Anleger zurück. Die Tech-Titel knüpfen nicht an die Verluste des Vortages an. Die Renditen der Staatsanleihen kennen derweil nur eine Richtung: nach oben.
On the eve of the upcoming Federal Reserve interest rate decision, Wall Street investors remain largely on the sidelines. However, tech stocks did not suffer the same steep losses as the previous day. The Dow Jones Industrial Average fell by 0.9% to 51,972 points. The broader S&P 500 index dropped by 0.4% to 7,592 counts. The tech-heavy Nasdaq Composite also slipped by 0.5% and stood at 26,065 counts.
The Nasdaq 100, an index of the 100 largest non-financial companies by market capitalization, remained unchanged at 29,047 points. The Federal Reserve's rate decision is particularly significant this time, as market observers are virtually unanimous, according to the CME FedWatch Tool, that the central bank will raise interest rates.
Inflation remained steady at 3.4% year-over-year in August, as reported by the relevant statistics office last week. Even the core inflation, which is particularly relevant to the Fed, remains elevated at 2.4%. While experts expected this figure, expectations of a rate hike have hardened nonetheless. Before the inflation data were released, about 70% predicted an upward movement in interest rates, while 30% expected no change.
Since the data became public, the expectation of a rate hike surged above 90%. The Federal Reserve has a dual mandate to maintain stable prices and achieve full employment. The August labor market showed strength, with more jobs created than expected, further supporting the potential for a rate hike.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
