On the New York stock market, the prospect of interest rates possibly rising again significantly dampened the mood on Tuesday. Investors avoided riskier investments such as stocks because supposedly safe investments now yield high returns and are therefore preferred. US consumers are also becoming more cautious.
The leading index Dow Jones Industrial ended trading 1.14 percent weaker at 33,618.88. The market-wide S&P 500 lost 1.47 percent to 4,273.53, the Nasdaq 100 selection index lost 1.51 percent to 14,545.83.
In addition to interest rate concerns, consumer sentiment deteriorated surprisingly significantly in September, as the market research institute Conference Board announced. In addition, the approaching possible budget freeze in the USA is an uncertainty factor, which is straining investors' nerves.
Amazon slipped four percent. The online retailer is facing a new lawsuit. The Federal Trade Commission (FTC) and 17 US states accuse the company of occupying a monopoly position in marketplace business.
Tech stocks were also at the bottom of the Dow in the Dow: Apple, at the bottom of the leading index, lost 2.3 percent. IBM lost 2.2 percent, Salesforce 1.9 percent and Microsoft 1.7 percent.
For Tesla it fell by 1.2 percent. According to circles, the US electric car manufacturer has also come into the EU's sights as part of an investigation into subsidies for car manufacturers in China. According to the Bloomberg news agency, the group also benefited from this.
The euro continued to hover near its lowest price since March. In New York trading, the common currency slipped to its daily low, after the market closed it cost 1.0574 US dollars.
On the US bond market, the futures contract for ten-year bonds (T-Note Future) was most recently quoted unchanged in percentage terms at 108.17 points. Ten-year Treasuries yielded 4.56 percent, close to their 16-year high.
with material from dpa-AFX
