Unexpectedly high inflation caused significant price losses on the US stock exchanges on Tuesday.

Especially among the technology stocks, which are considered to be particularly interest-dependent, there was great disappointment after the last four days of profits that US inflation weakened only slightly.

Investors see this as an indication that the pressure on the US Federal Reserve with its tightening of monetary policy is not really easing and that a recession is still looming.

The tech-heavy Nasdaq 100 fell the most, down 5.54 percent to 12,033.62 points.

The market-wide S&P 500 lost 4.32 percent to 3932.69 points, the most since June 2020.

The Dow Jones Industrial fared little better.

It fell 3.94 percent to 31,104.97 points.

The price gains of the past few days are gone in one fell swoop.

Parallel to the deeply red stock markets, the US dollar and capital market interest rates in the USA rose sharply after the disappointing inflation data, which suggests that investors are expecting further significant interest rate hikes by the Fed.

This is in line with the expectations of ING Bank, which expects another rate hike of 0.75 percentage points in the coming week.

ING economist James Knightley is concerned that core inflation, which the Fed regards as particularly important, has risen.

Economist Bernd Weidensteiner from Commerzbank also derives a clear mandate from the US monetary authorities from the data: “The Fed must continue to step on the brakes, even at the price of a possible recession.”

Strong price loss at the software giant Oracle

Oracle's shares temporarily resisted the weak market, but recently they too were down 1.4 percent.

The software group impressed in the first quarter with the level of sales growth, with investors appreciating the momentum in the cloud business.

However, the euphoria was curbed by the fact that higher operating costs caused profits to collapse by more than a third.

Meanwhile, the fitness specialist Peloton does not rest.

Two other co-founders are leaving the company, which was very popular during the Corona crisis: long-standing company director John Foley and legal director Hisao Kushi.

Investors were shocked: the papers fell by ten percent after the recent recovery.

On the Nasdaq stock exchange, chip values ​​and the papers of the Facebook mother Meta were particularly negative: Among the losers from the former industry were the titles from AMD and Nvidia with at least nine percent minus.

Meta also suffered such a big discount, approaching their last seen lows since April 2020.

The papers from Twitter, on the other hand, developed positively, they made it 0.8 percent into the plus.

The dispute with Elon Musk about his takeover bid continues on the short message service: the shareholders approved it on Tuesday at an extraordinary general meeting, although Musk declared it invalid.

In October, a court is now to clarify whether he can get out of the agreement.

At currently $42, the price is well below the offered price of $54.20.

The euro has been dampened by the inflation figure.

The common currency was last paid at $0.9973, slipping back below parity.

The European Central Bank had previously set the reference rate at 1.0175 (previous day: 1.0155) dollars.

The dollar thus cost 0.9828 euros.

US government bonds recorded significant price losses on Tuesday.

The 10-year Treasury futures contract fell 0.58 percent to 114.94 points.

In contrast, the yield on government bonds with a corresponding term rose to 3.42 percent.