NEW YORK (dpa-AFX) – Concerns about the economy and rising yields on the bond markets weighed on the US stock market at the start of the week. The US leading index Dow Jones Industrial fell by 1.19 percent to 34,308.08 points at the close of trading on Monday. The broader S&P 500 was down 1.69 percent to 4412.53 points. The tech-heavy Nasdaq 100 fell 2.35 percent to 13,990.21 points. Tech stocks are particularly suffering from rising bond yields
After the US Federal Reserve signaled drastic interest rate hikes and a reduction in total assets last week in order to dampen price pressure, the challenges for the stock exchanges have increased again.
Market sentiment continues to be weighed down by the massive negative impact of the war in Ukraine and the prospect of an economic slowdown. In addition, the Covid-related lockdowns in China threaten to worsen global supply chain problems and thus further fuel inflation risks./he
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