New York Stocks End: Enthusiasm is waning again – tech stocks plummeting | 12/16/21

NEW YORK (dpa-AFX) – On Wall Street, after the euphoria of the previous day, disillusionment has spread again. After the clearer monetary policy direction of the US Federal Reserve (Fed) had caused great joy on Wednesday, renewed interest rate worries on Thursday put economic-sensitive technology stocks in particular under pressure. The fact that the British central bank is unexpectedly resisting high inflation and surprisingly raised its key rate for the first time in the corona pandemic caused irritation.

The technology-oriented NASDAQ 100 had to pay tribute to its previous day’s rally and dropped 2.61 percent to 15,863.94 points. In doing so, he lost a large part of the gains he had made after the Fed’s monetary policy decisions were announced in the middle of the week.

The leading index Dow Jones Industrial (Dow Jones 30 Industrial) closed 0.08 percent in the red at 35 897.64 points. The S&P 500 lost 0.87 percent to 4668.67 points./la/men


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