That’s probably partly due to the Federal Reserve trying to slow down the economy a bit to combat high inflation. The US central bank raised interest rates by 0.75 percentage point for the second time in a row on Wednesday.
Stock market indicators on Wall Street fell slightly after the strong rally the day before. Shortly after opening, the Dow-Jones index was 0.1 percent lower at 32,156 points. The broad S&P 500 lost 0.3 percent to 4,011 points. Tech exchange Nasdaq, which made strong progress on Wednesday, fell 0.7 percent to 11,949 points.