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US stock exchanges narrowly held: Tech stocks are recovering, DAX remains in a downward trend. Dow Jones is slightly in the red. Nasdaq almost broke even.
According to a report from www.tagesschau.de, the US stock markets held their own in the evening. After initial losses, tech stocks in particular recovered. The Dow Jones index of the 30 largest US companies ended the trading day minimally in the red. The technology exchange Nasdaq was able to almost make up for its losses by the close of trading in the evening. However, the US stock markets are still under the impression of the downgrade of the US credit rating by the rating agency Fitch. The impact of this downgrade on the market and the financial industry could be significant. A lower rating for the US could affect investor confidence in the US economy and the US dollar. However, there is the…
US stock exchanges narrowly held: Tech stocks are recovering, DAX remains in a downward trend. Dow Jones is slightly in the red. Nasdaq almost broke even.
According to a report from www.tagesschau.de, the US stock markets held their own in the evening. After initial losses, tech stocks in particular recovered. The Dow Jones index of the 30 largest US companies ended the trading day minimally in the red. The technology exchange Nasdaq was able to almost make up for its losses by the close of trading in the evening. However, the US stock markets are still under the impression of the downgrade of the US credit rating by the rating agency Fitch.
The impact of this downgrade on the market and the financial industry could be significant. A lower rating for the US could affect investor confidence in the US economy and the US dollar. However, it is possible that this will not seriously jeopardize the US dollar's position as the global reserve currency and the attractiveness of US government bonds. It remains to be seen how the situation will develop and whether other rating agencies will take similar steps.
Another factor that influences the markets is companies' quarterly reports. Positive quarterly results can lead to an increase in stock prices, while negative results can lead to losses. In related news, shares of cell phone chip maker Qualcomm and payments provider PayPal posted losses, while food delivery company DoorDash rose.
Regarding the foreign exchange market, the euro has stabilized after the previous day's losses, which could be due to a strengthening of the US dollar. The Bank of England has raised interest rates to their highest level in 15 years in a bid to curb inflation. This measure has led to a weakening of the British pound.
The downward trend in the German DAX stock index continues, with German car manufacturers assessing their order backlog to be at its lowest level in two and a half years. This could indicate lower demand for cars and impact the industry.
Frankfurter Bank plans to hire new branch employees to improve customer service. This can help strengthen customers' trust in the bank and increase their satisfaction.
In conclusion, various factors can influence financial markets, ranging from rating downgrades to company reports to central bank monetary policy decisions. It remains to be seen how these developments will continue to impact the market and the financial industry.
Source:
According to a report from www.tagesschau.de
Read the source article at www.tagesschau.de