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. On Friday, the US benchmark Dow Jones index closed up 1 percent at 32,845 points. The Nasdaq technology index rose 1.9 percent to 12,390 points. the wide Standard & Poor’s 500 increased 1.4 percent to 4,130 jobs. On a monthly basis, the Dow Jones rose 6.7 percent, the Standard & Poor’s rose 9.1 percent and the Nasdaq rose 12.3 percent.
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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