NEW YORK (dpa-AFX) – The sell-off on the US stock exchanges continued on Thursday. As on the previous day, the technology sector was hit harder than “old economy” stocks. The Nasdaq 100 is dominated by technology companies lost a further 1.07 percent to 11,839 points in early trading. Since the beginning of the year, the index has lost almost 28 percent. Above all, rising capital market interest rates are causing investors to sell tech stocks.
The leading index Dow Jones Industrial fell by a further 0.64 percent to 31,630 points. It fell to its lowest level since early March last year. Since the beginning of the year, the setback has widened to 13 percent. For the market-wide S&P 500 it went down on Thursday by 0.75 percent to 3906 points./bek/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0411 2022-05-12/15:55
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