Wall Street down; press on tech

Wall Street

Wall street: after the predominantly negative week start, the US stock markets show small losses at the start on Tuesday. The US housing market in the largest cities is becoming increasingly overheated.

Shortly after the start, the Dow Jones index drops 0.2% to 33,100 points. The broad S&P is heading 0.3% lower at 3958 points. The rising long-term interest rate in the US to 1.75% is particularly affecting the Nasdaq technology exchange with a minus of 0.4%.

This week the focus will be on the ups and downs in the American labor market. On Wednesday, the ADP job report will be released on the private sector in the US. The official employment figures are scheduled for this Friday. Job growth is expected to pick up sharply in March due to the reduction of corona restrictions in many states.

Wall Street

Good news came from the American housing market. House prices in the 20 largest cities have risen by 11% compared to a year earlier and they all see that in wall street.

Chipmaker Intel, which already took a step back on Monday, turned red again with a drop of 0.7%.

The electric car manufacturer Tesla continues down the road and drops% off. For smartphone manufacturer Apple, investors have 1% less.

PayPal (-0.1%) is also in the spotlight. The payment processor announced that it will also accept bitcoins and a number of other cryptocurrencies in the United States. The bitcoin price rose 1.7 percent on Tuesday and one bitcoin is now worth more than $ 59,000.

Audio streaming service Spotify announced the acquisition of the company Betty Labs, the maker of the audio chat app Locker Room. With this, Spotify, which offers both music and podcasts, wants to compete with services such as game chat app Discord and Clubhouse. The share is trading slightly lower.

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