The US stock exchanges recorded slight price gains

The US stock exchanges recorded slight price gains. Weaker economic data fueled hopes that the US Federal Reserve would continue its low interest rate policy for an even longer period of time. Nonetheless, investors were also somewhat concerned that the recovery in the global economy could slow down due to the corona. In addition, the reporting season continued at full speed. The Dow Jones index closed 0.4 percent higher at 35,084 points, the S&P 500 was also 0.4 percent higher. Both indices marked new record highs, which were only slightly above the previous ones. The Nasdaq Composite gained 0.1 percent. There were a total of 2278 (Wednesday: 2036) course winners and 1033 (1236) losers. 135 (159) titles closed unchanged. On Wednesday, the courses had benefited from the decision of the US Federal Reserve to stick to its loose monetary policy. According to the Fed, the sectors of the economy hardest hit by the coronavirus pandemic have made progress but have not yet fully recovered. This is also reflected in the economic data that has now been published. The gross domestic product (GDP) increased significantly by 6.5 percent in the second quarter, but economists had estimated the increase at 8.4 percent. In addition, fewer initial jobless claims were made in the past week than in the previous week, but more than expected. "The Fed could be right that growth and inflation are now at their peak," one trader commented on the data. That, in turn, could delay monetary tightening. "This means that the data are not unfriendly to the market," said the market participant.