Home Business Wall Street indices fall as major tech stocks fall

Wall Street indices fall as major tech stocks fall


The major Wall Street indices opened on Monday in downside as tech heavyweights fell on expectations of higher interest rates, while major banks consolidated their earnings after the hike US Treasury yields hit a two-year high.

The Dow Jones Industrial Average fell 56.45 points, or 0.16%, to 36,175.21 points.

The Standard & Poor’s 500 index also opened, in drop 21.69 points, or 0.46%, to 4,655.34 points, while the Nasdaq Composite Index fell 184.12 points, or 1.23%, to 14,751.78 points when the bell rang. opening, according to “Reuters”.

Gold stabilized today, Monday, near the lowest level in three weeks, as traders awaited US inflation data for the month of December, which could raise expectations that the Federal Reserve will raise interest rates sooner than expected after weak employment rate data in America.

There has been a small change in the price of gold in spot transactions, posting $ 1795.11 per ounce (one ounce) at 02:34 GMT, after falling to its lowest level since December 16 at $ 1782.10. Friday.

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