NEW YORK (dpa-AFX) – The consumer price data for January caused a roller coaster ride on the US stock exchanges on Tuesday. Investors were unsettled by the figures, which are unlikely to prevent the US Federal Reserve from further interest rate hikes. Year-on-year inflation in January did not fall as much as experts had hoped. But it was also a fact that it weakened for the seventh month in a row.
The Dow Jones Industrial (Dow Jones 30 Industrial) rebounded somewhat from its peak loss, which was more than 1 percent. In the end, he still had a minus of 0.46 percent to 34,089.27 points. The market-wide S&P 500 recorded a minus of 0.03 percent with 4136.13 points.
However, technology stocks were in demand, even if they are actually considered sensitive to interest rates. Supported by rising prices in the chip sector, among other things, the NASDAQ 100, which is shaped by this, turned a peak loss of more than one percent into profits. It ended the day 0.71 percent higher at 12,590.89 points./tih/he