NEW YORK (dpa-AFX) – Another significant rise in yields on the US bond market pushed the leading index Dow Jones Industrial further into the red on Friday. Rising interest rates, for example, make bonds more attractive as an alternative to investing in stocks. Disappointing business figures for sporting goods manufacturer Nike and losses in bank shares were added to the burden.
The Dow fell 0.84 percent to 32,586.34 points after peaking the day before and closing with slight losses. From a weekly perspective, this indicates a moderate minus.
The S&P 500 fell 0.60 percent to 3892.09 points on Friday. The tech-heavy Nasdaq 100 fell 0.47 percent to 12,728.66 points. It had already suffered on Thursday with a minus of more than 3 percent from the prospect of a deterioration in financing conditions in view of the further rise in market interest rates.
– –
