NEW YORK (dpa-AFX) – Thanks to a race to catch up in late trading, the US indices on the Nasdaq technology exchange turned positive on Monday. The Nasdaq 100 , which the fear of interest rate hikes had previously pushed it down to its lowest level since mid-October, hit the target with an increase of 0.14 percent to 15,614.43 points. Bargain hunters would have used the renewed attack of weakness to get started, it was said from the trade.
The standard values also reduced their discounts noticeably. The leading index Dow Jones Industrial 
was only 0.45 percent lower to 36,068.87 points at the end of trading. The market-wide S&P 500 reduced the minus to 0.14 percent at 4670.29 points.
The first week of trading in 2022 went very badly for technology stocks. Investors worry that higher interest rates and thus more expensive financing could slow down the momentum in the growth industry. We are now waiting with nervousness for the inflation data due in the middle of the week. The US Federal Reserve should see its tightening of monetary policy confirmed if inflation continues to rise. The economists at Goldman Sachs are now expecting four rate hikes by the Fed this year, while three hikes have been generally assumed so far.
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