NEW YORK (dpa-AFX) – One day before the announcement of important monetary policy decisions, the interest-rate sensitive US technology stocks have expanded their recent losses. Also on this Tuesday, inflation concerns dominated market events. So the producer prices continued their soaring. In November, prices at the manufacturer level rose by a surprisingly high 9.6 percent compared to the same month last year and thus even faster than in October.
The tech-heavy Nasdaq 100 fell 1.16 percent to 15,895.81 points. Should the US Federal Reserve raise interest rates faster than expected to combat inflation, this would hit the high-growth technology industry particularly hard, as corporate financing conditions could become less favorable.
The market-wide S&P 500 lost 0.65 percent to 4638.62 meters. The leading index Dow Jones Industrial, on the other hand, barely moved at 35,624.45 points./la/men
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