On Tuesday, all three leading indices fell on Wall Street. The worst hit was the technology-heavy Nasdaq, which ended 1.7 percent at 10,782.82 points.
The S&P 500 and Dow Jones fell 0.8 and 0.4 percent, respectively, with the former closing at 3,333.66 points.
Heavyweights such as Apple, Amazon, Microsoft and Tesla were down 2.5, 1.7, 1.7 and 3.4 percent, respectively. Facebook had a decline of 1.9 percent, while Advanced Micro Devices fell almost 7 percent.
According to CNBC Technicians see strong signals in the S&P 500 index, as investors diversify into lagging sectors. In the last seven trading days, the index has ended up in the positive, and on Tuesday the S&P 500 was up at the start of the day.
The technical analysts point out that the market is beginning to be overbought, and a small break can be expected before the market tries to climb further up.
– The market is stronger today than at any time in recent months and it is not just technologically driven, says strategist Chris Verrone in Strategas to CNBC.
Cruise up
Neglected sectors such as industry, materials, banking and transportation made the strongest move on Wall Street on Tuesday. In the past week, American airlines have experienced several bookings and Delta Airlines rose 1 percent.
Royal Caribbean Cruises climbed 2.4 percent, while Carnival was up nearly 2.5 percent.
Senior analyst Ipek Ozkardeskaya at Swissquote Bank is calling for more good financial news. She recalls that American politicians are struggling to agree on a new fiscal package while the number of corona cases worldwide has exceeded 20 million.
DNB Markets is also clear that the political background in the US is somewhat mixed. Negotiations between the Democrats and the Republicans on a new fiscal policy package have stalled, while there is uncertainty about the planned meeting between the United States and China on Saturday, where phase 1 of the trade agreement will be evaluated.
Fear, gold, oil and interest
The VIX index, popularly called the fear index, rose 9.3 percent to 24.21.
The gold price was down 5.4 percent and an ounce went at closing time for 1,930.2 dollars.
North Sea oil fell 0.9 percent to $ 44.50 per barrel. barrel.
The 3-month interest rate rose 0.3 basis points to 0.112 per cent.
The interest rate on the 2-year-old was up 2.2 basis points to 0.153 percent.
The 10-year interest rate rose 5.3 basis points to 0.627 per cent.
The 30-year interest rate rose by 6.3 basis points to 1.31 per cent.
–
