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US stock markets are off to a friendly start

US stock markets are off to a friendly start

Wall Street in New York

The Fed may raise interest rates again in September.

(Photo: AP)

Frankfurt, New York US stock markets rose significantly on Friday. The Dow Jones index of benchmark values ​​rose by one percent to 32,105 points. the widest Standard & Poor’s 500 rose 1.3 percent to 4,059 points. The Nasdaq Technology Index rose 1.9 percent to 12,085 points.

It is likely that the comments of Fed Director Chris Waller, who promised a strong interest rate and talked about the disappearance of recession fears, caused the significant increase in rates.

Trader Dennis Dick of brokerage Triple D Trading said that after a strong sell-off in the last few weeks of August, the catching-up race has begun. Inflation data next week should point the way forward, providing further clues to the pace of interest rate hikes by the US Federal Reserve.

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