Home » News » New York equities: Dow slightly in the red – S&P and Nasdaq weaker | 02/17/21

New York equities: Dow slightly in the red – S&P and Nasdaq weaker | 02/17/21

NEW YORK (dpa-AFX) – The US stock exchanges are no longer reviving after the records set early the previous day. The momentum had already been lost on Tuesday and now it went downhill for the most important New York stock barometers on Wednesday. The Dow Jones Industrial (Dow Jones 30 Industrial) fell three quarters of an hour after the start but only moderately by 0.07 percent to 31,501.30 points. His record of just over 31,600 points thus remains easily within reach.

A central topic on Wednesday remained the development of the bond market, which has recently become an indicator of investors’ fears of rising inflation. Significantly stronger than expected US producer prices continued to contribute on Tuesday. If yields rise with price expectations, bonds become more attractive compared to stocks. According to market observer Craig Erlam from broker Oanda, investors are therefore staying vigilant. “If yields begin to rise too quickly, the mood in the stock market should turn quickly,” he thought.

The market-wide S&P 500 fell more by 0.41 percent to 3916.55 meters. For the technology-heavy selection index NASDAQ 100, it even went down 0.96 percent to 13,641.41 points./tih/he

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