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Traders on Wall Street
Photo: JUSTIN LANE / EPA
First price crashes, then a brilliant comeback: The US stock exchanges closed with slight profits after a turbulent day.
The leading index Dow Jones, which has meanwhile fallen by more than three percent, ended on Monday on New York's Wall Street with a plus of 0.3 percent.
The technology index Nasdaq Composite, which had meanwhile slipped around five percent into the red, ended with a plus of 0.63 percent.
The S&P 500 index also recorded slight gains.
The courses had initially collapsed in the face of fears of an escalation of the Ukraine crisis and the prospect of an imminent hike in US key interest rates.
The US Federal Reserve holds a two-day meeting on Tuesday to discuss high inflation.
The key interest rates, which had been reduced to zero due to the corona pandemic, are expected to be raised in March.
However, some analysts believe that the first interest rate hike is possible this week, even if this would come as a surprise.
Observers expect sharp price fluctuations when the Fed gives further outlook on its interest rate policy on Wednesday after the two-day meeting of its Open Market Committee.
The stock exchanges in Europe suffered price slumps on Monday: In Frankfurt am Main, the Dax lost 3.8 percent.
On the Paris stock exchange, the leading index CAC 40 closed 3.97 percent in the red.
cop/AFP
