US stock markets are stabilizing after a weak start, oil prices and bond yields are rising

Oil prices are rising, and US bond yields are also reaching their highest level since 2002. The hope of one less interest rate hike this year still gives investors confidence.

A street sign on Wall Street in New York City. Photo: dpa

Dusseldorf. US stock markets largely made up for initial slight losses on Thursday. The fact that yields on the bond market recently fell again provided some relief. Their increase had recently raised fears about the sustainability of the exorbitantly high national debt. Overall, movements on Wall Street were limited on the first day of the new quarter.

The Dow Jones of standard values ​​is barely changed at 50,920 points.

The broad S&P 500 is barely moving and remains at 7,664 points.

The Nasdaq technology exchange is unchanged at 26,920 points.

The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, is barely moved at 30,378 points.

Yesterday, Wednesday, the US Department of Commerce published important inflation data for the US Federal Reserve (Fed). The price index for personal consumption expenditure (PCE) remained at 3.4 percent in August. This was a lower value than analysts expected - but the level remains high. The data fuels hopes that the Fed could forgo another interest rate hike in October.

Meanwhile, Wall Street is ignoring Micron's recent stimulus. The US memory chip manufacturer announced surprisingly high targets for the current quarter on Wednesday after the New York stock market closed. After the start of trading on Thursday, the shares were down almost two percent.