US stock markets show positive trend reversal after economic data

Important economic data is helping the US stock markets achieve a positive trend reversal. Interest rate expectations remain constant: investors expect the Fed to increase interest rates further.

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

Dusseldorf. After the major indices on the US stock exchanges have only suffered losses so far this week, they reacted positively to an important economic indicator on Wednesday.

The Dow Jones standard values ​​remain unchanged at 51,377 points.

The broadly diversified S&P 500 gained 0.6 percent to 7,716 points.

The Nasdaq technology exchange gains 0.9 percent to 27,050 points.

The Nasdaq 100, a reflection of the 100 non-financial companies with the highest market capitalization, rose by 0.7 percent to 30,556 points.

The density of appointments is high on Wednesday: The US Department of Commerce published the price index for personal consumption expenditures PCE. The September Private Sector Vacancies Report was also released.

Six Fed speakers will comment on this over the course of the rest of the week. The US government's labor market figures will follow on Friday, which also include job developments in the government sector.

Economic indicators give a mixed picture

The PCE remained at 3.4 percent in August, the same level as in the previous two months. Analysts were still expecting the index, which is the Federal Reserve's preferred measure of inflation, to rise.

The PCE measures how much households in the US actually spend on goods and services - and how these prices change. Unlike the Consumer Price Index (CPI), which is considered the official U.S. inflation rate, the PCE also takes into account expenses that are not directly paid by households, such as employer health insurance benefits.

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