Stocks New York end: Dow slides deeper into the red – tech stocks rebound

NEW YORK (dpa-AFX) – The US leading index Dow Jones Industrial expanded its slight previous day losses on Friday. Another significant rise in yields on the bond market put pressure on sentiment. Rising interest rates, for example, make bonds more attractive as an alternative to investing in stocks. As a burden, there were losses in bank stocks and especially in the papers of Visa.

The Dow fell 0.71 percent to 32,627.97 points after peaking the day before and then slipping into the red. On a weekly basis, there is a loss of 0.46 percent.

The market-wide S&P 500 closed minimally in the red at 3913.10 points on Friday. The technology-heavy Nasdaq 100 recovered somewhat from its previous day’s losses and rose 0.61 percent to 12,866.99 points. In view of the continued rise in market interest rates, it suffered on Thursday with a minus of more than 3 percent under the prospect of a deterioration in the financing conditions of tech companies

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