NEW YORK (dpa-AFX) – Trading on the US stock exchanges was also characterized by nervous fluctuations on Tuesday. As on the previous day, trading started with investors fleeing the risk. After an early discount of more than two percent, the Dow Jones Industrial (Dow Jones 30 Industrial) temporarily turned positive again, supported by well-received quarterly figures from some index members. In the end, however, there was again a thin minus of 0.19 percent on the course board with 34,297.73 points.
Investors’ nervousness, which has been noticeable for days, ahead of the US Federal Reserve’s interest rate decision expected on Wednesday, continued to make itself felt on the broader market and among technology stocks. The market-wide S&P 500 lost 1.22 percent to 4356.45
Counter. The technology-heavy NASDAQ 100, which fell by 2.48 percent to 14,149.12 points, remains particularly badly hit.
According to stockbrokers, the big question is how the Fed will manage the balancing act of fighting high inflation and at the same time protecting the financial markets from imbalances. Goldman Sachs strategists are now warning of the risk of an interest rate-related growth shock. The prospect of rising interest rates has long been viewed as a problem, particularly for more heavily indebted companies in the technology sector./tih/he
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