The Uber rival Lyft was one of the investors’ favorites with a price increase of 15.5 percent. The cinema operator AMC, on the other hand, lost significantly due to weak quarterly figures.
(Photo: AP)
Frankfort, New York The prospect of further XXL rate hikes by the Fed is affecting the US stock markets. The US standard value index Dow Jones closed almost unchanged on Friday with a small plus of 0.2 percent at 32,803.47 points. The tech-heavy Nasdaq fell 0.5 percent to 12,657.56 and the broad-based S&P 500 fell 0.2 percent to 4,145.19.
US companies added 528,000 nonfarm payrolls in July, more than twice as many as expected. In addition, hourly wages rose surprisingly sharply by 0.5 percent. “These are killer numbers,” said Dean Smith, chief investment strategist at fund provider FolioBeyond. “People really wanted to give the all-clear on inflation, but we’re not there yet.” Inflation is even increasing. He therefore expects the Fed to raise interest rates for the third time in a row by 0.75 percentage points in September.
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