Börse Express – New York shares: Fear of rising interest rates drives investors to flee

NEW YORK (dpa-AFX) – After the long weekend due to the holiday, rising bond yields weighed heavily on the US stock markets on Tuesday. Investors are increasingly expecting interest rate hikes by the US Federal Reserve due to persistently high inflation. The yield on 10-year US bonds has risen to its highest level in two years – and at the same time weighs on stocks, particularly on the technology stocks on the Nasdaq. The banking sector also had to take a beating after the investment house Goldman Sachs disappointed with its quarterly report.

Der US-Leitindex Dow Jones Industrial fell 1.54 percent to 35,359 points in early trading. The market-wide S&P 500
fell by 1.48 percent to 4594 points. The tech-heavy Nasdaq 100 lost 1.96 percent to 15,305 points. Rising interest rates are a particular burden for high-growth companies, primarily from the various technology sectors./bek/stw

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0260 2022-01-18/15:59

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