The resolutions of the Fed left the US stock markets indifferent

The resolutions and statements of the US Federal Reserve largely left the US stock markets indifferent and ultimately did nothing to change the inconsistent trend in trading. While the majority of the standard values on Wall Street were slightly in the red, the technology stocks on the Nasdaq mostly posted price gains. In addition to the Fed meeting, investors also focused on quarterly figures for many large companies. The Dow Jones Industrial closed 0.36 percent lower at 34,930.93 points. The S&P 500 fell 0.02 percent to 4400.64 meters. For the Nasdaq 100, however, it was up 0.41 percent to 15 018.10 points. The rising inflation rate is putting the US Federal Reserve under pressure. The economy is booming, but the labor market continues to weaken. In view of the recovery of the US economy from the corona crisis, the US Federal Reserve (Fed) has announced a possible reduction in its billion-dollar asset purchases. The central bank will examine the program at its "upcoming meetings" with a view to further economic developments, the Fed said. At the same time, the central bank tried to allay fears of a rising inflation rate. The key interest rate will remain in the low range of 0.0 to 0.25 percent in order to support the economy and the labor market. Meanwhile, the first investors took hold of Chinese stocks again after a regulatory offensive by the government in Beijing had sent their stocks down at home and abroad. But this is only an intermediate high and the bottom has not yet been reached, warned market analyst Milan Cutkovic from the brokerage house Axi. The Nasdaq Golden Dragon China, in which US shares of Chinese companies are listed, posted the largest daily gain in almost 13 years with a plus of up to 9.3 percent. In the previous days it had slumped by around 20 percent. Bitcoin also made strong gains. Cyber ​​Forex rose as much as 5.4 percent to a six-week high of $ 40,386. The optimists apparently had the rudder firmly in hand again and could drive the price up to 45,000 dollars in the short term, said analyst Timo Emden of Emden Research. Against this background, investors courageously took hold of stocks from the cryptocurrency sector and companies that deal with the blockchain technology on which Bitcoin & Co is based. The shares of Coinbase, Riot, Marathon and Silvergate on Wall Street rose by up to four percent. The titles of the software company MicroStrategy, which has invested billions in Bitcoin, advanced 2.5 percent. Alphabet shares rose 3.2 percent to $ 2,721.88. The Internet group exceeded expectations for the third quarter in a row, analyst Brent Thill of the investment bank Jefferies commented. An end to the boom in income from online advertising is not yet in sight. At the same time, the cloud business is growing faster than the market and faster than its competitor Microsoft. Its title reached a high of $ 290.15 in the meantime. The software group has presented strong quarterly results and is surprisingly optimistic for the growth of its cloud division Azure in the current quarter, wrote analyst J. Derrick Wood from the asset manager Cowen. The course record club was joined by the shares of Facebook, which rose 1.5 percent to $ 373.28. Stock marketers saw the sharp increase in advertising revenue at Alphabet as a good omen for the upcoming numbers of the online network.