Dow Jones, S&P 500, Nasdaq: No clear trend on Wall Street, despite strong tech stocks
Important economic data helps the US stock market in some parts to reverse the trend. Nevertheless, interest rate expectations remain constant: investors expect another interest rate hike by the Fed.
US stock market indexes showed mixed results on Wednesday. The Dow Jones fell 0.5% to 51,060 points, while the S&P 500 remained unchanged at 7,683 points and the Nasdaq gained 0.8% to 27,020 points. The US Commerce Department released the Personal Consumption Expenditures (PCE) price index, which remained at 3.4% in August, in line with expectations. Additionally, the ADP report showed that private companies added 90,000 jobs in September, exceeding the expected 70,000.
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.
