New York (dpa -AFX) – After continuing the record hunt in early trade, investors at times went out of breath on Wednesday. The technology -based Nasdaq 100 closed with a plus 0.04 percent to 23,849.04 points. The market width S&P 500 won 0.32 percent to 6,466.58 points. Both indices had reached maximum stalls on Tuesday according to inflation data and exceeded them on Wednesday. The view of interest reductions keeps investors happy.
The leading index Dow Jones Industrial, which is still somewhat away from a record, attracted 1.04 percent to 44,922.27 points. With plus 5.6 percent since the beginning of the year, he lags the Nasdaq 100 with plus 13.5 percent and the S&P 500 with plus 10 percent.
As can be seen from the money market from concepts, an interest rate reduction of the central bank Fed in September is almost certain. Lower interest rates make shares appear more attractive compared to fixed -income securities and blank loans. Companies and consumers can benefit from this. The consumer prize data published the day before showed that the influence of the US tariffs on inflation is still limited. This increases the scope for the FED to reduce interest rates.
According to the inflation data, geopolitics will come into focus again in the next few days. US President Donald Trump and Kremlin chief Vladimir Putin want to meet in Alaska on Friday and negotiate a possible peace solution in the Russian attack war on Ukraine, which has been lasting for around three and a half years.
An expansion of Amazon in the food trade put pressure on the week in the middle of the week. The Internet trade giant wants to deliver orders of food for free on the same day. This could burden competitors’ business. Walmart sank by 2.5 percent and were in the last place in Dow. Kroger slipped by 4.4 percent. Costco (Costco Wholesale) lost 1.3 percent. Amazon, on the other hand, won 1.4 percent.
For the shares of Venture Global (Venture Global A) it went up by 12 percent. The company with a focus on the production and export of liquid gas had prevailed in an arbitration against the oil company Shell (Shell (Ex Royal Dutch Shell)).
The crypto company Bullish celebrated a successful stock exchange debut. After an issue price of $ 37 and an emission proceeds of $ 1.1 billion, the opening course went up to $ 90 and then continued to $ 118. But then the air was out. At the end of the trade, the papers only cost $ 68. This was also the daily low ./ajx/he