Wall Street closes slightly in the red – concerns about renewed corona lockdowns in China

New York The US stock exchanges closed on Tuesday after a rollercoaster ride with price reductions. Fearing a setback for the global economy, investors sold their shares again. The US standard value index Dow Jones went 0.6 percent lower to 30,981 points from trading. The tech-heavy Nasdaq fell one percent to 11,264 points. The broad S&P 500 lost 0.9 percent to 3818 points.

“When there’s a lot of data coming out, like inflation data and company balance sheets, it’s not uncommon for investors to be risk-averse,” said Art Hogan, chief investment strategist at financial services firm B. Riley. One ray of hope, however, is that earnings expectations for the second half of the year have remained stable. “That allays some concerns that the economy is slipping into recession.”