Home » News » Börse Express – New York shares: Tech stocks suffer from interest rate hikes

Börse Express – New York shares: Tech stocks suffer from interest rate hikes

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NEW YORK (dpa-AFX) – Further rising yields on the bond market and the associated concerns about the economy once again put interest-sensitive technology stocks under pressure on Friday. The tech-heavy Nasdaq 100 fell 0.86 percent to 14,406.37 points.

The default value indices, on the other hand, moved only slightly. The Dow Jones Industrial increased by 0.18 percent to 34,645.00 points. For the broader S&P 500 it went down 0.24 percent to 4489.24 points.

The bond markets are currently dominated by monetary policy in particular. A series of rate hikes is expected from the Federal Reserve this year to combat high inflation. In addition, the Fed wants to start reducing its trillion-dollar balance sheet as soon as possible.

Both developments are causing interest rates to rise sharply on the capital markets. Risky assets like stocks suffer as fixed income bonds become increasingly attractive. In addition, it is feared that sharply rising interest rates will make loans significantly more expensive for companies and consumers, thus slowing down economic growth./la/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0311 2022-04-08/16:45

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