Dow Jones, S&P 500, Nasdaq: Mixed price developments on Wall Street
Important economic data help the US stock market in some parts to a trend reversal. However, interest rate expectations remain constant: investors expect another rate hike by the Fed.
US stock market indexes are showing mixed results on Wednesday. The Dow Jones is down 0.4% at 51,160 points, while the S&P 500 is up 0.4% at 7,700 points and the Nasdaq is up 0.8% at 27,020 points. The US Commerce Department released the Personal Consumption Expenditures (PCE) price index, which remained at 3.4% in August, unchanged from the previous two months.
This figure is a key inflation measure for the Federal Reserve. Several Fed speakers are set to make comments throughout the week, and the US government's jobs report is due on Friday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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- Dow Jones, S&P 500, Nasdaq: Wall Street starts slightly up handelsblatt.com
