After a record, US stock exchanges close in the red

US stock exchanges close in the red on Monday. After the record hunt at the end of the week, Wall Street presented itself in two parts. While the Dow Jones Index exceeded the 35,000 point mark for the first time, technology stocks were sold off massively, as has often been the case recently. However, even the Dow was unable to maintain profits and turned slightly into the red in late trading. It fell 0.1 percent to 34,743 points, the S&P 500 lost 1 percent and the technology-heavy Nasdaq composite plummeted 2.6 percent. Initially, the surprisingly weak labor market data from Friday tended to support share prices, as the low increase in employment fueled expectations that the US Federal Reserve and government will continue their economic stimuli for some time to come. In the further course, however, the market participants feared that there was not much room for improvement due to the already high valuations. Among the giants of the technology sector, Apple lost 2.6 percent, Alphabet 2.6 percent, Amazon 3.1 percent and Facebook 4.1 percent. Instead, asset managers are betting on stocks in companies that would benefit the most when the economy re-opened. This included the banking, travel and leisure sectors. Biontech stood out among the individual values ​​with a price jump of a good 10 percent. The company presented convincing business figures for the first quarter. The Pfizer partner has also announced the construction of a production facility for mRNA vaccines in Singapore. Pfizer stock was 0.7 percent higher.