NEW YORK (dpa-AFX) – The price rally on New York’s Wall Street is still faltering. According to market experts, surprisingly strong sales in US retail on Wednesday dampened hopes that the US Federal Reserve could soon be much more cautious in raising interest rates.
The Dow Jones Industrial (Dow Jones 30 Industrial) ultimately remained stable at minus 0.12 percent to 33,553.83 points. This means that what is probably the most well-known Wall Street index remains within the range of the past three days. After a recovery rally of around 18.5 percent since the most recent low in mid-October, investors have now become more cautious.
The S&P 500 lost 0.83 percent to 3958.79 points in the middle of the week. The technology-heavy Nasdaq stock market went down a little more sharply after a relatively clear recovery the day before. The NASDAQ 100 selection index lost 1.45 percent to 11,699.09 points.
Consumption, which is important for the US economy, was more robust than expected in October with growth of 1.3 percent compared to September. Experts had expected an average increase of 1.0 percent. At the same time, the rise in prices for US import goods weakened significantly in October.
There was also political talk, because now it’s official that donald trump want to go back to the White House. The 76-year-old is running for the Republican candidacy in the 2024 presidential election. Trump made it clear to supporters that he wants to continue his previous policy if re-elected