PRESS ROOM
Inflation worries weigh on tech stocks
Friday 14th May '21
Despite persistent reassurances from the US Federal Reserve (Fed) on its policy accommodation, the sharp increase in inflation is causing markets to worry about the Fed raising interest rates. The tech-heavy NASDAQ Composite Index has felt the weight of these concerns more this month and is down 5.4% (month to date as of 12 May). The S&P 500 Index is down around 1.4% over the same period.