Wall Street: Techwerte profitieren – Wall Street dreht ins Plus

Investors in the United States are reaping rewards from the current reporting season, particularly those who have focused on tech stocks. On Wednesday, major U.S. indices turned positive following a disjointed trading start: the Dow Jones of blue-chip stocks rose by 0.4 percent to 52,700 points, while the S&P 500 gained 0.5 percent to 7,727 points.

The tech-heavy Nasdaq index also saw a 1 percent increase to 26,702 points. The Nasdaq 100, which tracks the 100 largest non-financial companies by market capitalization, increased by 1.2 percent to 29,830. Analyst Kyle Rodda at capital.com warns that markets are currently dealing with multiple risk factors, including volatile oil prices due to uncertainty in the Middle East.

Brent oil futures for December delivery rose by 1.5 percent to over $110 per barrel, driven by tensions in the Middle East and concerns about potential supply disruptions. Oil prices have rallied significantly in recent trading days, with Suvro Sarkar, an energy analyst at DBS, noting the rollercoaster ride. Investors are torn between hopes for mediation efforts by Pakistan in the Iran war and fears that peace may be far away.

Higher energy prices raise expectations that the U.S. Federal Reserve (Fed) may keep or raise interest rates higher to tame inflation. Fed officials' recent remarks have tempered expectations for a rate hike at their meeting on October 28, but the probability of an increase in December remains estimated at around 90 percent in futures markets.