NEW YORK (dpa-AFX) – On the US stock market, investors are still feeling the disappointment after the latest interest rate signals from the US Federal Reserve. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) lost another 0.46 percent on Thursday to 32,001.25 points. The market-wide S&P 500 fell 1.06 percent to 3719.89 points.
The technology-heavy NASDAQ 100 was also unable to recover from the particularly significant losses of the previous day and slipped 1.98 percent to 10,690.60 points. It is thus approaching its low for the year from mid-October again. Apple shares (Apple) lost 4.2 percent on Thursday.
In the middle of the week, the US stock exchanges had suffered greatly from the Fed’s statements. As expected, the monetary authorities raised the key interest rate again by 0.75 percentage points. Investors only breathed a sigh of relief that the key interest rates might soon rise less sharply. The prospect of an unforeseeable end to interest rate hikes weighed more heavily.
Fed boss Jerome Powell has taken the wind out of the sails of the “hopeful rally” on the international stock markets, the authors of the Fuchs-Börsenbriefe wrote in their current issue. Shares in highly rated technology companies and heavily indebted companies remained vulnerable to price losses./ajx/he