NEW YORK (dpa-AFX) – After the latest price jump on Monday, the US stock exchanges closed with little direction and little change. Ahead of domestic inflation data on Tuesday, which will be seen as a key factor for U.S.monetary policy apply, investors held back from taking a clear positioning. In addition, the news that the rating agency Moody’s could soon strip the United States of its top credit rating dampened the mood somewhat. At the end of the week there will be talks to avert the insolvency of the world’s largest economy in the still unresolved budget dispute.
The leading index Dow Jones Industrial (Dow Jones 30 Industrial) ultimately gained 0.16 percent to 34,337.87 points. The market-wide S&P 500 fell by 0.08 percent to 4,411.55 points. The technology-heavy NASDAQ 100, which rose even more strongly than the other two indices on Friday, lost 0.30 percent to 15,482.79 points.
Before the weekend, the three stock market barometers had reached their highest levels since September. A short-term reprieve would therefore be healthy, especially for many of the large technology stocks that are now expensive again, stated Matt Maley, chief market strategist at the trading house Miller Tabak + Co./gl/he