Tech Stocks are Gaining on Wall Street

Tech Stocks are Gaining on Wall Street

The American stock markets were on Tuesday at the opening around the close of the day before. Only tech exchange Nasdaq leapt. Shares in technology companies rallied as bond yields fell again.


After a few minutes of trading, the Nasdaq tech exchange was 0.8 percent higher at 13,561 points. The Dow Jones index fell by 0.2 percent to 32,900 and the broad-based S&P 500 gained a profit of 0.2 percent to 3977 points.

Major tech companies such as Facebook, Apple, Amazon, Netflix, Google mother Alphabet and Microsoft rose to 1.8 percent. In February, tech stocks were sold off for fear of inflation and higher interest rates and the expectation that they would not continue to grow much after the strong corona year on the stock market. There are now again investors who see a new entry point after the fall.

Moderna stood out among the companies. The pharmaceutical company has started testing its corona vaccine on children between six months and 12 years old. The share rose 5.4 percent.

The maker of smart exercise bikes Peloton (minus 0.1 percent) was also in the spotlight. The company is entering into a partnership with Adidas, the German sports equipment maker, without giving further details. They will follow later this week.

Ford’s share fell 2.5 percent. The automaker wants to raise $ 2 billion with a bond loan that can be converted into shares.

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