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Trade Dispute remains a major topic on the New York Stock Exchange.
(1965: 900) New York Tuesday, Wall Street buzzed with words from US Federal Reserve Chairman Jerome Powell won. Powell spread economic optimism at his biannual hearing before the Senate Banking Committee in Washington.
The Dow Jones closed up 0.2% to 25,119 points. The S & P 500 index rose 0.4% to 2809 points. The Nasdaq technology index rose 0.6% to 7855 points.
With good monetary policy, the labor market will remain strong and inflation close to 2% over the next few years, Powell added. The gradual increase in key interest rates will lengthen the economic recovery.
However, the Fed chief warned that higher tariffs would be bad for the US economy for a long time. The United States imposed $ 34 billion worth of goods on China for allegedly unfair trade practices and threatened other tariffs.
In addition, the next season of the balance sheet was at the center of concern: The US streaming service Netflix has disappointed investors with its numbers of subscribers in both the domestic and global market. Shares fell temporarily by more than ten percent. The bottom line was a drop of more than five percent.
The bottom line in US standards was United Health stock at 2.6 percent. The largest health insurer in the United States has not been able to convince investors with its numbers. Goldman Sachs was also unable to score points with his interim report. Shares lost 0.2%.
Johnson & Johnson, on the other hand, outperformed investors with profits and profits, but slightly reduced its sales target. Investors are installing for that the Dow's pharmaceutical and consumer goods stocks with a more than 3.5% among the biggest winners.
In Frankfurt, the DAX went from 0.8% to 12.661 points of trade, the EuroStoxx50 slightly increased. On the New York Stock Exchange, about 730 million shares have changed hands. In 1989, values increased, 1431 fell and 208 remained unchanged. On the Nasdaq, 1,728 million shares closed at 1,718 more, at 1,248 lower and at 208 unchanged.
US credit markets declined in anticipation of further interest rate hikes. The 10-year government bonds lost 2/32 to 100-3 / 32. The return rose to 2.8637 percent. Bond, 30, fell from 3/32 to 103-1 / 32 and returned 2.9709%
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