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New York equities end: Dow with new record – Nasdaq under pressure

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NEW YORK (dpa-AFX) – The Dow Jones Industrial set a new record on Wednesday, in contrast to its New York index colleagues. The price barometer of Wall Street blossomed into the winner after a weak start and achieved a record high of 31,643 points. Ultimately, he went out of trade just below this. The closing level of 31,613.02 points meant an increase of 0.29 percent.

The leading index was helped by the fact that star investor Warren Buffett switched a little bit from Apple shares to standard stocks. Conversely, this dampened investor interest in technology stocks. The Nasdaq 100 selection index, which was shaped by these, fell 0.54 percent to 13,699.71 points. The market-wide S&P 500 closed 0.03 percent lower at 3931.33 meters. In contrast to the Dow, both indices were unable to continue their record rally.

Fear of inflation and the resulting rise in capital market rates remained a central topic on Wednesday. With the price expectations, the yields on US bonds have recently risen, which tends to make them more attractive again compared to stocks. According to traders, it was a good thing for stocks that there was no indication in the minutes of the meeting of the US Federal Reserve that the lax monetary policy was about to change ./tih/he

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