Indices in this article
NEW YORK (dpa-AFX) – In view of a strong labor market recovery in the United States, the US stock exchanges have reached new heights. Both the market-wide S&P 500 and the Nasdaq indices, which are mainly studded with technology stocks, once again achieved all-time highs. The Dow Jones Industrial (Dow Jones 30 Industrial) continues to lag behind.
“The US job market recovering strongly, although the consensus estimate on the unemployment rate was missed. In the meantime, the employment rate stagnated “, summarized Helaba analyst Ralf Umlauf the development in June. Acute pressure to act for the US central bank, from its ultra-expanding Monetary policy According to him, there is not yet another change, as many millions of jobs are still lacking. He also referred to the decrease in the average number of hours worked, while hourly wages have increased.
The Dow rose 0.03 percent in early trade to 34,644.86 points on the spot. The S&P 500, however, advanced by 0.27 percent to 4331.44 points and continued to build on its exceptionally strong half-year profit. The NASDAQ 100 technology selection index rose 0.67 percent to 14,657.60 points./ck/men