New York equities: Nasdaq continues to slide – interest rate worries remain a burden | 02/24/21

NEW YORK (dpa-AFX) – A previously hoped for recovery from the recent turbulence in the technology sector failed to materialize on the US stock exchanges on Wednesday. The selection index Nasdaq 100 Index (NASDAQ 100), which is shaped by these industry values, 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.

The Dow Jones Industrial (Dow Jones 30 Industrial) fell 0.19 percent to 31,476.15 points in early trading. 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 fell 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 hit 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

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