Amazon price slide weighs on US stock exchanges – Intel shares also fall significantly

new York Disappointing business figures from the two technology groups Amazon and Apple are causing problems for Wall Street. The US blue chip index Dow Jones fell 1.5 percent on Friday to 33,409. The broad S&P 500 and the tech-heavy Nasdaq each fell more than two percent.

The prospect of rate hikes by the US Federal Reserve is also weighing on sentiment, said Randy Frederick, manager at brokerage house Charles Schwab. “As debt service becomes increasingly expensive, those companies that have to replace their previous loans with higher-interest ones will have to struggle.” On the stock market, it is considered certain that the Fed will raise the key rate by half a percentage point in the coming week and in further steps will follow in the coming months.