Dow Jones at record high despite warning words from the Fed - US investors unchecked
According to a report from www.tagesschau.de, US investors have pushed the Dow Jones to set a new record high despite warning words from the Fed. The closing level was 37,305 points, an increase of 0.15 percent. The broader S&P 500 didn't quite make it into the black, while the Nasdaq technology exchange index rose moderately by 0.35 percent. Statements from US central bankers suggest that interest rate cuts could not come until 2024. The recent record highs in the US stock markets show how strongly the interest rate fantasy can drive prices. However, the US central bankers' statements regarding possible interest rate cuts have created a certain amount of uncertainty...

Dow Jones at record high despite warning words from the Fed - US investors unchecked
According to a report from www.tagesschau.de, US investors have pushed the Dow Jones to set a new record high despite warning words from the Fed. The closing level was 37,305 points, an increase of 0.15 percent. The broader S&P 500 didn't quite make it into the black, while the Nasdaq technology exchange index rose moderately by 0.35 percent. Statements from US central bankers suggest that interest rate cuts could not come until 2024.
The recent record highs in the US stock markets show how strongly the interest rate fantasy can drive prices. However, the US Federal Reserve's statements regarding possible interest rate cuts have led to a certain degree of uncertainty in the markets. This uncertainty could cause near-term volatility as investors await guidance on the Fed's future monetary policy decisions.
Shares of Boeing and Intel were the biggest gainers on the Dow Jones, with UBS raising its price target on Boeing and analysts at BofA putting Intel stocks at neutral. These changes reflect analysts' confidence in the growth potential of these companies.
The DAX has slowed its rally in light of recent developments on Wall Street, with uncertainty surrounding the ECB's monetary policy decisions and negative economic data for the Eurozone playing a role.
The Eurozone continues to be a concern for markets in terms of economic data and the negative impact of a possible recession. In any case, the euro could be supported for the time being, as the ECB wants to give it more time to cut interest rates than is priced in on the market.
Overall, recent developments in US stock markets and uncertainty regarding monetary policy could lead to increased volatility in the coming weeks. The impact on global financial markets ultimately depends on the future monetary policy decisions of the Fed and the ECB.
Read the source article at www.tagesschau.de