Börse Express – New York shares: Next setback, especially in the tech sector

NEW YORK (dpa-AFX) – The lively recovery of the US stock exchanges in late trading on the previous day switched back to investor flight on Tuesday. It was said on the market that nervous investors quickly used short phases with rising prices as an exit opportunity. According to stockbrokers, the big question remains how the Fed will manage the balancing act of fighting high inflation and at the same time protecting the financial markets from imbalances. The situation therefore remains tense before the interest rate decision on Wednesday.

Der Dow Jones Industrial slipped 1.95 percent in early trade. At 33,693.59 points, the leading index fell well below the 34,000 mark within half an hour of trading, which it had impressively regained the day before with a late recovery rally. The market-wide S&P 500
now lost 2.40 percent to 4304.20 points. The technology-heavy Nasdaq 100 remains particularly badly hit
, which fell by 2.73 percent to 14,112.83 points.

The strategists at Goldman Sachs are now warning of an inflation-related interest rate shock. What is meant by this is a particularly sharp tightening of monetary policy, which, according to the experts, could trigger a dip in growth and weigh on the stock market. Rising interest rates have long been seen as a problem, especially for highly indebted companies, for example in the technology sector./tih/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0236 2022-01-25/16:09

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