Wall Street in the United States opened the new stock exchange week with steady signs. All of the stock exchange’s most important indices were close to zero less than half an hour after the opening.
The S&P500 index, which broadly describes the market, was 0.11 percent below freezing, while the Nasdaq was 0.03 percent. The Dow Jones was reading -0.14 percent.
The opening also contained drama: a chip manufacturer listed on Wall Street on Thursday Arm Holdings fell nearly 10 percent to $55 immediately after trading opened. The share price bounced upwards immediately after reaching the bottom. At 4:50 p.m., the stock was down 6.5 percent.
Also a drug and vaccine manufacturer Modern fell more than 5 percent at Monday’s opening.
The European Central Bank’s interest rate hikes are also expected to be over in the United States. However, the inflation war is not yet considered won, and the investment market is now waiting for the US central bank’s interest rate decision for September. The key interest rate is expected to rise to 5.50 percent. The decision will be published on Wednesday, September 20.
Source: Arvopaperi by www.arvopaperi.fi.
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