Dow Jones, S&P 500, Nasdaq: Wall Street starts slightly up
Important economic data are helping the US stock markets to make a positive turnaround. Nevertheless, interest rate expectations remain constant: investors expect another interest rate hike by the Fed.
US stock market indexes reacted positively to a key economic indicator on Wednesday. The Dow Jones remained unchanged at 51,377 points, while the S&P 500 gained 0.4% to 7,704 points and the Nasdaq rose 0.7% to 26,989 points. The US Commerce Department released the Personal Consumption Expenditures (PCE) price index, which remained at 3.4% in August, and a report on private sector job openings, which showed 90,000 jobs added in September, beating expectations.
The Federal Reserve is set to make further interest rate decisions, with a possible hike expected this year due to ongoing conflict in the Middle East and high oil prices.
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: Mixed price developments on Wall Street handelsblatt.com
