new York The US stock exchanges closed on Tuesday with price markdowns. Interest rate fears slowed the latest bargain hunt after the heavy losses of the previous week. The Dow Jones index of standard values went down 0.7 percent to 32,656 points from trading. The broad S&P 500 lost 0.3 percent to 3970 points. The tech-heavy Nasdaq fell 0.1 percent to 11,455 jobs. Month-on-month, the Dow was down 4.2 percent, the S&P was down 2.6 percent and the Nasdaq index was down 1.1 percent.
“After a strong start to the year, February was a reality check for the stock market,” said Konstantin Oldenburger, market analyst at broker CMC Markets. “The US Federal Reserve is expected to end interest rate hikes by October at around 5.5 percent,” explained Matthias Scheiber from asset manager Allspring. At the beginning of the year, the markets saw the top interest rate at five percent.
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