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New York Stocks: Business eases after tech sell-off

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NEW YORK (dpa-AFX) – After the wave of sales from the previous day, the situation on the US technology exchange Nasdaq calmed down again in the middle of the week. It benefited from the fact that the former US Federal Reserve President and current Treasury Secretary, Janet Yellen, relativized her statements about possible interest rate hikes. The latest economic data on Wednesday turned out to be a small dampener for sentiment, especially for the standard values.

One hour after the start of trading, the Nasdaq 100 gained 0.41 percent to 13,600.30 points. The day before, the technology-heavy selection index had closed almost two percent in the red. The leading index Dow Jones Industrial, which on Tuesday just barely made it into positive territory in the last few meters, fell by 0.15 percent to 34,082.96 points. For the market-wide S&P 500 it was up 0.11 percent to 4169.41 meters uphill./gl/he

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