new York The prospect of US interest rates continuing to rise weighed heavily on Wall Street investors on Thursday. The Dow Jones index of standard values closed with little change at 33,946 points. The broad S&P 500 gained a moderate 0.4 percent to 4381 points. Only the technology-heavy Nasdaq recorded larger premiums thanks to price gains at Apple and Amazon and advanced around one percent to 13,630 points.
Federal Reserve Chairman Jerome Powell told the US Capitol Banking Committee that there could be “maybe two more” rate hikes this year given persistent inflation. This gave the dollar a tailwind: the dollar index rose by 0.4 percent to 102.40 points.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Further
Read on now
Get access to this and every other article in the
web and in our app.
Further