The tech companies Snap and Twitter had to accept price losses.
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(Photo: AP)
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Frankfurt, New York Disappointing company numbers from the tech sector dampened sentiment on Wall Street on Friday. The Dow Jones index of standard values closed 0.4 percent lower at 31,899 points. The tech-heavy Nasdaq fell 1.9 percent to 11,834 points. The broad S&P 500 lost 0.9 percent to 3961 points.
Economic data spoiled investors’ appetite for risk in Europe. The purchasing managers’ indices for Germany and the euro zone fell below the 50 point mark, which signals growth. In addition, according to experts, an energy crisis is not yet averted, even if Russian gas continues to flow to Europe.
The euro lost 0.1 percent to $ 1.0220. Safe havens were in demand, which is why investors put government bonds in their portfolios. In turn, the yield on the 10-year US Treasury fell to 2.770 from 2.908 percent.
