Börse Express – New York shares: Dow & Co are trying to recover again

NEW YORK (dpa-AFX) – Share prices in New York and on the Nasdaq started to recover again on Thursday. After the last four trading days in a row with losses, the leading index Dow Jones Industrial most recently by 0.74 percent to 35,288 points. The day before, the Dow had already tried to stabilize, but this had quickly come to a standstill and prices came under pressure in late trading.

In the past few days, the persistently high level of inflation and the associated expectation of a much more restrictive monetary policy from the US Federal Reserve had weighed on the stock exchanges. Some market participants expect interest rates to rise by half a percentage point at the Fed’s March meeting.

The market-wide S&P 500 recovered on Thursday by 0.89 percent to 4573 points. The tech-heavy Nasdaq 100
, which had recently come under more pressure, now also increased somewhat more strongly by 1.11 percent to 15,216 points.

At the top of the Dow, shares of The Travelers rose
with plus five percent to a record high. The major insurer managed a jump in profits of more than a third in 2021 despite high hurricane and tornado losses.

The quarterly report from Alcoa was also very good on the market
The price rose by 5.5 percent and was close to its highest level since 2008. High prices for aluminum and intermediate products more than compensated for increased costs for energy and raw materials.

On the other hand, the quarterly figures and forecasts of the airlines American Airlines were not worth buying for investors
und United Airlines . Both stocks suffered losses. American Airlines expressed restraint on sales in the current quarter. United Airlines’ current quarter statements also suggested a slower recovery in air travel.

Peloton shares fell 16 percent. According to a media report, the manufacturer of fitness equipment is temporarily stopping the production of certain products. The share price had benefited massively from the corona pandemic last year.

After the market close, the quarterly figures of the streaming provider Netflix eagerly awaited. After a record high in November at over 700 US dollars, the shares had recently collapsed to almost 500 dollars./bek/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0372 2022-01-20/20:01

Copyright APA/dpa-AFX. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of APA/dpa-AFX is not permitted.

–