US stock exchanges: US stock exchanges close mixed - AI stocks lose significantly
Surprisingly weak economic data dampened investor sentiment in the US on Tuesday. At the same time, tech stocks experienced a veritable sell-off.
US stock markets showed a mixed picture on Tuesday. The Dow Jones closed unchanged at 53,343 points, while the S&P 500 lost 0.7% to 7,692 points and the Nasdaq fell 1.3% to 26,290 points. Technology stocks, including chipmakers, came under pressure from rising long-term government bond yields, which are driven by higher inflation expectations. The 30-year US bond yield rose to 5.33%, its highest since 2007, making it more expensive for companies with high debt to borrow.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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