Wall Street is off to a flat start to a busy week. Investors are eagerly awaiting several quarterly numbers from US companies and the Federal Reserve’s interest rate decision.
(Photo: AP)
Frankfurt, New York An optimistic view of the two tech groups Amazon And the apple Lifting the morale of American investors. However, they shy away from big buying due to ongoing economic concerns. Leading Indices Dow Jones, Nasdaq and Standard & Poor’s The 500 was up as much as one percent at the open on Friday.
The sudden drop in US economic output in the second quarter has once again worried investors. Ulrich Stefan, Senior Investment Analyst for retail and corporate clients at German bank. This makes it more difficult for the US Federal Reserve to decide on a rate hike, noted portfolio manager Paul Nolte of Kingsview asset manager. Will it continue to fight inflation or will it succumb to slower growth?
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