Frankfurt Further weak US economic data have dampened sentiment on Wall Street. The Dow Jones index of standard values closed a moderate 0.2 percent higher at 33,482 points on Wednesday. The technology-heavy Nasdaq, on the other hand, fell 1.1 percent to 11,996 points. The broad S&P 500 lost 0.2 percent to 4090 points.
According to analysts, economic figures for the past two days have fueled fears of a recession. After the drop in orders in US industry on Tuesday, the purchasing managers’ index from the service sector published on Wednesday “continued the series,” said Konstantin Oldenburger, analyst at broker CMC Markets. The index fell to 51.2 points – the lowest level in more than two years. Experts polled by Reuters had expected a decline to 54.5 points from 55.1 points in February. The barometer shows growth beyond 50 points.
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