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Equities New York: Slight losses after recovery rally

NEW YORK (dpa-AFX) – The US stock exchanges have given way again after the recent recovery rally. The leading index Dow Jones Industrial was listed on Tuesday 0.10 percent lower at 35,096.9 points. The broader S&P 500 fell 0.29 percent to 4502.35 points.

For the tech-heavy Nasdaq 100 was down 0.63 percent to 14,835.89 points. It had risen by more than 3 percent on each of the past two trading days.

Meanwhile, the debate on the appropriate course for the US Federal Reserve to combat high inflation continues on Tuesday. Several Fed officials said they favor raising rates at a pace that doesn’t unnecessarily disrupt the economy. This is “good news” to calm investors’ nerves, a market analyst said.

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