ROUNDUP / New York equities: Dow up – tech stocks under pressure after the previous day’s rally
The New York Statue of Liberty. New York is the stock exchange metropolis of the United States. pexels.com
NEW YORK (dpa-AFX) – Der Dow Jones Industrial
On Wednesday, technology stocks in particular reacted with significant gains to the interest rate decision and the accompanying statements by the US Federal Reserve (Fed). “The Fed is stepping up the pace and will probably raise the key rate three times in the coming year,” wrote chief economist Cyrus de la Rubia of the Hamburg Commercial Bank. In the market it was said that the monetary authorities were only fulfilling expectations and providing more clarity. Stock exchange traders were convinced that central bankers can take such steps without interfering with economic growth.
Central banks around the world are currently weighing up how to counter the high inflation in a balanced way. On this Thursday, the interest rate decisions in Great Britain and the Eurozone followed, but they were not as market-moving as the Fed on the previous evening. Meanwhile, fresh economic data from the USA painted a mixed picture: in the construction sector they showed a surprisingly high level of activity, although the Philadelphia Fed’s leading indicator had fallen surprisingly sharply.
Slowly but surely, the stock markets are ending a strong year. So far, the Dow has gained around 18 percent in 2021 and the Nasdaq 100 even a good 25 percent – despite the pandemic concerns that have flared up again. “The fourth corona wave has put investor confidence to the test again, but we are still looking confidently into the new equity investment year 2022,” wrote DZ Bank. Cyclists should particularly benefit from this development, but so should the technology companies that are particularly important in the USA.
Among the biggest winners in the S&P 500 were the papers of the telecom company AT&T
Accenture shares soared at the top of the index (Accenture share)
In contrast, the sales target of the software company Adobe (Adobe share) Systems missed
|Short-term position in Dow Jones Industrial Average|
|with a strong lever|
|with moderate leverage|
HSBC Trinkaus & Burkhardt AG
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