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Börse Express – New York Stocks: Nasdaq continues to slide

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A previously hoped for recovery from the recent turmoil in the technology sector failed to materialize on the US stock exchanges on Wednesday. The Nasdaq 100 index, a selection index shaped by these industry stocks fell again in early Wednesday trading by 1.20 percent to 13 036.86 points. A friendly start had actually been expected for long stretches.

Der Dow Jones Industrial fell in early trading by 0.19 percent to 31,476.15 points. In the case of the leading index, it looked as if it could come close to its previous record. The day before, he missed the record of 31,653.48 points by only one decimal place. The market-wide S&P 500
also decreased by 0.34 percent to 3868.24 meters.

The fear of rising inflation and higher market interest rates, which had recently weighed heavily on the hot technology stocks, remained in the minds of investors this Wednesday. The yield on ten-year US bonds reached a one-year high. The appeasement effect from statements by the US Federal Reserve Chairman Jerome Powell from the previous day did not last long./tih/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0310 2021-02-24/15:57

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