NEW YORK (dpa-AFX) – The mood on New York’s Wall Street has visibly clouded over after the strong start to the year. Details from the central bank minutes had already resulted in a weak close of trading on Wednesday evening. This Thursday announced the Dow Jones Industrial and the S&P 500 further down. The technology-heavy Nasdaq exchanges, which had already started weakly into the new year 2022, continued their downward slide.
Strong industrial new orders data and, albeit slightly weaker than expected, but still strong ISM sentiment data from the service sector, added to investor reluctance. Because: Even after these data, there is “no need for growth”, commented analyst Ulrich Wortberg from Helaba. Although the data did not additionally force expectations of rising interest rates in the USA soon, “these are already clearly pronounced”.
In its Minutes published the day before, the US Federal Reserve left no doubt that interest rates will soon be raised. In addition, some members of the monetary policy committee had spoken out in favor of starting to reduce the central bank’s total assets shortly after the first interest rate hike.
In early trading, the Dow was down 0.41 percent to 36,253.59 points. The S&P 500 
fell by 0.21 percent to 4690.74 points. The tech-heavy Nasdaq 100 lost 0.24 percent to 15,734.03 points.
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