New York Stocks End: S&P 500 turns into the red after a record high

NEW YORK (dpa-AFX) – On Wall Street, the technology indices expanded their latest gains a little on Tuesday. However, the momentum eased noticeably towards the close of trading. The market-wide S&P 500 had made the leap to a high over the course of the year, but, like the US leading index Dow Jones Industrial, closed slightly in the red. Before the US Federal Reserve (Fed) meeting this Wednesday, investors were on the whole rather cautious.

The Dow was down 0.39 percent to 32,825.95 points. Previously, he had set records for six days in a row. The S&P 500 fell 0.16 percent to 3962.71 points after reaching a record high of around 3981 points in the course of trading. The technology-heavy Nasdaq 100 rose 0.53 percent to 13,152.28 points.

The Fed meeting is all about the recent rise in bond market yields. The background to this is above all the trillion dollar new economic stimulus package initiated by the US government, which had fueled fears of an overheating of the economy and rising consumer prices./la/fba

– –