NEW YORK (dpa-AFX) – The renewed attempt to recover on the US stock exchanges failed miserably on Wednesday. Again, it was the prices of the tech giants that dragged markets down with them. Heavyweights like Apple Amazon and microsoft came under pressure. The tech-heavy Nasdaq 100 lost 3.06 percent to 11,967.56 points and fell below the 12,000 point mark for the first time since November 2020.
Selling pressure increased in late trading. The leading index Dow Jones Industrial with a discount of 1.02 percent to 31,834.11 points, it did better than the Nasdaq stock exchange. Still, the Dow is testing its lowest level since March 2021. Tech stocks were also the biggest losers in the Dow. For the market-wide S&P 500 it was down 1.65 percent to 3935.18 points, the lowest in more than a year./bek/he
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