NEW YORK (dpa-AFX) – After the brilliant start of the week, the US stock exchanges ran out of air on Tuesday. The Dow Jones Industrial only advanced by 0.35 percent to 29,260 points on Tuesday. The day before, the benchmark index had hit a record high in trading, close to the 30,000 mark, driven by the prospect of an effective vaccine against the lung disease Covid-19 and the victory of Democrat Joe Biden in the US presidential election.
The market-wide S&P 500, on the other hand, lost 0.41 percent to 3536 points in early Tuesday trading. This index had also reached a record high the day before. The technology-heavy Nasdaq 100 continued the losses from Monday and was 1.35 percent in the red at 11,673 points. Here, profit-taking on heavily weighted tech stocks like Amazon, Facebook and Microsoft ./bek/he weighed on
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