Economic worries are slowing down Wall Street – Cisco shares are in demand

new York Doubts about a pause in interest rate hikes by the Federal Reserve are nagging at US investors again. The stock indices on Wall Street therefore ran out of steam on Thursday. The Dow Jones stagnated at 33,546 points. The tech-heavy Nasdaq fell 0.4 percent to 11,145 points and the broad S&P 500 fell 0.3 percent to just under 3,947 points.

Weaker-than-expected inflation data had recently boosted expectations of lower rate hikes, but strong retail sales numbers on Wednesday fueled fears that the Fed could tighten further.

St. Louis Federal Reserve Chairman James Bullard also expressed support for further hikes. Several other Fed officials have also stressed the need to keep raising rates, albeit at a slower pace, in recent days.