The Dow Jones ended its six-day losing streak on Wednesday with a sharp jump in price. The recent economic concerns are fading into the background because the British central bank is bracing itself against the recent drastic rise in interest rates on the domestic capital market. However, Apple is not benefiting from the upward trend.

Wall Street recovered significantly from the recent levies midweek. The Dow Jones index gained 1.9 percent to 29,684 points. The day before, the index had marked a new low for the year at 28,958 points. The S

However, market observers are only assuming a recovery and not a trend reversal. Because the growing concerns about a recession as a result of the sharp rise in interest rates continued to dominate. Recently, the US Federal Reserve had signaled further rate hikes.

US bond market yields came back significantly after the recent sharp rise. The question now is whether the BoE’s move will have a longer-term stabilizing effect or whether the market will retest the bank’s resolve, it said. The yield on 10-year US bonds fell 23.0 basis points to 3.72 percent. It was the strongest daily loss since March 2009. In the course of the year it had climbed back to 4.00 percent for the first time in over ten years.

“There is a fear that the whole system is collapsing and that demand will not be able to absorb so many rate hikes,” said Agnes Belaisch, chief strategist at Barings Investment Institute. “There are signs that could point to a recession”.

In the FX market, the dollar has been under pressure after the recent rally. The dollar index fell 1.2 percent. Market analyst Edward Moya of Oanda pointed to the BoE’s market intervention, which sparked a massive move in global bonds and a sort of relief rally that sent the dollar sharply across the board. Statements by Fed members regarding future interest rates have faded into the background. Atlanta Fed President Raphael Bostic had signaled he was ready to raise interest rates to 4.5 percent by the end of the year, suggesting the Fed won’t be done raising rates by the end of the year and the possibility of an increase to 5 percent remains.

Oil prices posted their strongest daily gain in two months. WTI and Brent are up as much as 4.5 percent after already making significant gains the previous day. The trigger was the weekly US oil inventory data. The report from the state’s Energy Information Administration (EIA) showed an overall decline in the three main categories – crude oil, gasoline and distillates, it said. US crude oil production has also decreased. The most positive thing, however, was the renewed increase in petrol demand.

With the sharply falling yields on the bond market and the weak dollar, the price of gold recovered. The price of a troy ounce increased by 1.9 percent.

Among the individual stocks, Biogen rose by 39.9 percent. Biogen and its partner Eisai ( 17% in Tokyo) have reported a positive phase III trial of the investigational drug lecanemab for the treatment of Alzheimer’s, which should significantly increase the prospect of approval.

Apple lost 1.3 percent. The tech giant has scrapped plans to ramp up production of its latest iPhone model this year, according to an agency report. The expected increase in demand failed to materialize, according to Bloomberg, citing informed circles.

The technology exchange Nasdaq ( 2.4%) wants to give itself a new structure by the end of the fourth quarter and thus accelerate the implementation of the strategy. In the future, the new structure will comprise three divisions: Market Platforms, Capital Access Platforms and Anti-Financial Crime. Accordingly, the company named three people responsible for managing the divisions from January.

Boeing shares rose 4.7 percent. China Airlines has ordered up to 24 787 Dreamliners from the US aircraft manufacturer.