indexes in this article
NEW YORK (dpa-AFX) – On the US stock market, technology stocks have only fallen slightly after their recent downturn. On Thursday, things calmed down somewhat because yields on ten-year government bonds no longer rose as strongly. Recently, among other things, it was feared that significantly rising interest rates could increase the financing costs of the very growth-oriented tech stocks. In addition, rising interest rates reduce the current value of the high profits that tech companies want to generate in the future.
Another side effect of higher interest rates is that stocks generally become less attractive compared to less risky assets like bonds. This concern was reflected on Thursday in the further decline in the leading index Dow Jones Industrial (Dow Jones 30 Industrial). This was last 0.88 percent lower at 34,194.47 points.
The broader S&P 500 was down 0.44 percent to 4461.65 points. The technology-heavy NASDAQ 100 fell by 0.35 percent to 14,448.73 points./la/zb
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