NEW YORK (dpa-AFX) – Fears of inflation and interest rates drove investors on Wall Street to flight on Tuesday. Rising raw material prices as well as the upcoming announcement of current price data from the United States on Wednesday caused increasing nervousness. The shares on the technology exchange Nasdaq, however, were able to recover from a weaker start to trading.
The Dow Jones Industrial, which the day before had risen above the mark of 35,000 points to a further record high for the first time, closed on Tuesday with a minus of 1.36 percent lower at 34,269.16 points. The market-wide S&P 500 lost 0.87 percent to 4152.10 meters. The tech-heavy Nasdaq 100 fell 0.06 percent to 13,351.27 points after dropping 2.6 percent at the start of the week./edh/he
– –
