NEW YORK (dpa-AFX) – The US stock exchanges fell further on Monday in the face of increasing interest rate and recession concerns. Market participants fear that the unexpectedly high inflation could prompt the US Federal Reserve (Fed) to take even more significant interest rate hikes.
Once again, the stocks of technology companies in particular were penalized: their selection index Nasdaq 100
reached its lowest level since November 2020 right at the beginning and lost 2.95 percent to 11,483.83 points a good half hour after the start of trading.
For the market-wide S&P 500 after the lowest level since March last year, it fell by 2.61 percent to 3798.98 points. Compared to the record high in January, this means a decline of more than 20 percent, which means that the stock market barometer signals a bear market according to the usual definition.
The leading index Dow Jones Industrial lost 2.01 percent to 30,763.20 points and thus remained just above its interim low from the previous month – its recovery in the second half of May has fizzled out for the time being./gl/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0235 2022-06-13/16:21
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