Nasdaq falls sharply, Wall Street slows

2021-02-23T15:07:11.133Z

Thud at the opening for the Nasdaq: the list of technology stocks immediately lost 3%. The Dow Jones is also weak, but limits the decline to half a point. Investors continue to fear a flare-up in US inflation which, coupled with rising government bond yields, causes a flight from stock market purchases. The six-monthly report on the US economy by Federal Reserve Chairman Jerome Powell in the US Senate is expected shortly. This Wall Street session start does not help the European squares, down all in red. Milan worsens and drops 1%, Frankfurt 1.33%, Paris 0.30% and London 0.42%. The spread between the Italian BTP and the German Bund widens to 96 basis points with the yield of our ten-year at 0.66%.