The US stock exchanges have already undergone several changes of direction this year.
(Photo: AP)
Dusseldorf The mood on the stock market is currently changing almost every trading day. The German leading index Dax has lost almost 600 points within two days after its recent recovery rally. The situation on the US markets is similar, where the market-wide S&P 500 lost 2.4 percent on Thursday, the weakest trading day of the year so far.
The tech companies in the USA are proving to be decisive for the mood. “The quarterly season in the technology sector is proving to be two-part,” said Susannah Streeter, investment and market analyst at Hargreaves Lansdown. The hope that the weak development of the tech sector in view of the US interest rate hike could soon be over again suffered badly.
Portfolio manager Thomas Altmann from the investment advisor QC Partners observes that the stock markets are “extremely nervous”. “The current fluctuations are not for investors with the faint of heart.” The following five charts show and explain the great nervousness on the stock exchanges.
1. Tech giants lead the way
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