NEW YORK (dpa-AFX) – After another record high the day before, the Dow Jones Industrial (Dow Jones 30 Industrial) started trading deeper on Tuesday. After half an hour of trading, the leading index was down 0.19 percent at 33 107.27 points. He couldn’t get any closer to the record of 33,259 points reached at the beginning of the week.
Financial stocks recovered on Tuesday from the turmoil caused by the collapse of the Archegos hedge fund the day before. However, this was offset by generally weak technology stocks, which was negative for Dow members such as Apple, Salesforce or Intel. The Nasdaq 100 index, which is shaped by this sector, fell even more than the Dow by 0.89 percent to 12,850,039 points.
Stock marketers again pointed to rising US Treasury yields, which are putting a stop to the rally in equities. At up to 1.77 percent, ten-year bonds on Tuesday yielded the highest yield since January 2020. Technology companies focused on growth are seen as particularly suffering because it makes financing conditions more expensive for them./tih/fba
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