The uncertainty on the markets is currently high.
(Photo: AP)
new York After the strong price increase on Thursday in the hope that the US Federal Reserve’s interest rate cycle would come to an end, investors took a breather at the end of the week. The Dow Jones index of standard values opened with little change at 33,704 points. The broader S&P 500 was trading at 3954 points, the same as the previous day. The Nasdaq technology exchange index fell 0.3 percent to 11,077 points.
Inflation in the US has recently not been as strong as expected, fueling expectations that the Fed will not hike interest rates as much as it has recently. Financial services firm Oanda analyst Craig Erlam said the reaction to the numbers seemed a bit extreme, but investors had been waiting for the chance to snap for a long time.
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