Tech funds in particular came under pressure after US long-term interest rates rose to 1.5%, their highest level since June. The expectation that the Fed may raise its policy rate next year plays a major role in this.
The AEX is looking at a loss on Monday after investors mainly sold chip funds in response to the rising interest rates. As a result, banks do good business. RD Shell is also popular because of the further rise in oil prices.
The AEX ends 0.4% lower at 788.67 points. The AMX gains 0.1%.
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Stock market blog: banks give Dow support; Nasdaq limits damage | Financial
Source link Stock market blog: banks give Dow support; Nasdaq limits damage | Financial