NEW YORK (dpa-AFX) – A tentative recovery attempt on the US stock markets after the recent downturn failed on Tuesday. Weak domestic economic data was only able to alleviate the fear of further rising interest rates in early trading for a short time. After a moderately friendly start, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) quickly turned negative again – in the end it lost 0.47 percent to 32,909.59 points. The market-wide S&P 500 ultimately fell by 0.22 percent to 4128.73 points.
The NASDAQ 100 stocked with many technology stocks held up only slightly better with a minus of 0.07 percent to 12,881.79 points. While tech companies are often more dependent on credit to fund their growth than firms in more traditional industries, they have a lot to lose when interest rates rise. However, the stock exchange barometer has already lost 21 percent since the beginning of the year and thus significantly more than the two standard value indices./gl/he