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US stock market reacts cautiously to Fed minutes - BlackRock shares stabilize
According to a report from www.deraktionaer.de, the Fed published its most recent meeting minutes, but this did not provide any relief for share prices. Despite the unsuccessful start to the year, the standard and technology stocks on the US stock market initially went in different directions. BlackRock shares, which had a weak start to the year, are now showing signs of stabilization. US specifications In 2024, tech stocks in particular, which performed strongly in the previous year, will have a difficult time. Doubts about a possible interest rate cut by the US Federal Reserve are putting additional strain on the market. Robust U.S. labor market data, including more job creation than expected and a decline in initial jobless claims, make it difficult for the Fed to...
US stock market reacts cautiously to Fed minutes - BlackRock shares stabilize
According to a report by www.deraktionaer.de, the Fed published its most recent meeting minutes, but this did not provide any relief for share prices. Despite the unsuccessful start to the year, the standard and technology stocks on the US stock market initially went in different directions. BlackRock shares, which had a weak start to the year, are now showing signs of stabilization.
US specifications
In 2024, tech stocks in particular, which performed strongly in the previous year, will have a difficult time. Doubts about a possible interest rate cut by the US Federal Reserve are putting additional pressure on the market. Robust U.S. labor market data, including more job creation than expected and a decline in initial jobless claims, are making the Fed's fight against inflation more difficult. The development of the labor market is a central factor for the central bank's interest rate decisions.
Location BlackRock
BlackRock shares rose sharply during the year-end rally. After reaching a multi-month high, the share fell at the start of the year, but has now formed the first technical support at $782.73. On the current trading day, the share price rose by 0.8 percent, which can be positively attributed to the latest US Federal Reserve minutes.
Analysis and implications
The robust labor market data in the USA could lead to the US Federal Reserve not cutting interest rates for the time being. This could increase uncertainty in the markets and weigh on tech stocks in particular. However, the stabilization of BlackRock shares suggests that investors are positive about the situation and see profit-taking as a normal market cycle after the sharp rise previously.
The development of the US labor market and the Fed's interest rate decisions will continue to play a crucial role in market developments in the US. Investors should closely monitor developments in both labor market data and central bank meetings to make informed investment decisions.
Read the source article at www.deraktionaer.de