new York Investors on Wall Street have withdrawn ahead of the forthcoming quarterly figures from the major US technology companies. The Dow Jones index of standard values and the broader S&P 500 each fell slightly to 33,875 and 4137 points at the start of the week. The Nasdaq index slipped 0.24 percent to 12,969 points.
This week, US tech giants like Amazon, Alphabet, Meta and Microsoft share their books. “It’s a pivotal week for technology stocks,” said Peter Cardillo, chief economist at Spartan Capital Securities. “If earnings don’t disappoint, the market can continue its recovery.”
On the other side of the Atlantic, too, investors had previously taken cover. The leading German index, the Dax, initially felt its way up to a fresh high for the year of 15,919 points before trading 0.1 percent lower at 15,890 points. Its European counterpart, the EuroStoxx50, fell 0.2 percent to 4,400 points.
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