NEW YORK (dpa-AFX) – After catching up the day before, the prices on the US stock market came under pressure again on Tuesday. On the bond market, the yield on ten-year paper temporarily moved again towards 1.8 percent. The drivers for this are the expected rate hikes by the US Federal Reserve, which may result in alternatives to equity investments.
The technology-heavy Nasdaq 100, which was back in positive territory the day before after sliding to its lowest level since mid-October, lost 0.53 percent to 15,531 points in early trading. The leading index Dow Jones Industrial fell by 0.68 percent to 35 824 points. The market-wide S&P 500 posted a minus of 0.52 percent to 4646 points.
Monetary policy remains in focus. Market participants hope that a hearing on the renewed nomination of Jerome Powell as head of the US Federal Reserve before the Senate Banking Committee will provide information on future measures by the Fed during the course of the day. In a previously published opening speech, Powell stressed that the Fed would use all instruments to support the economy and a strong labor market, and to prevent higher inflation from settling in. New inflation data from the US will be released on Wednesday. / Ajx / he
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