Börse Express – New York shares: indices in red

NEW YORK (dpa-AFX) – Further interest rate hikes expected by the US Federal Reserve weighed on US stock markets on Wednesday. The main Dow Jones Industrial index slipped into the red and recently lost 1.09% to 33,738.01 points. The other indices have also turned into the loss zone: for the S&P 500 at the market level fell 1.06 percent to 3977.06 points and the tech-heavy Nasdaq 100 it fell 1.46% to 11,661.56 points.

At its December meeting, the Fed raised interest rates by half a percentage point, as widely expected, slowing the pace of rate hikes – it had previously hiked interest rates four times in a row by 0.75 percentage point. However, the monetary watchdogs apparently don’t intend to end their fight against inflation anytime soon. For 2023, they report even more interest rate hikes than before. Monetary policy will likely ease in the years to come. According to forecasts, however, there are signs of a higher level of interest rates than previously promised by central bankers.

Among the individual values, Moderna stood out on Wednesday
up more than 7 percent to $211.70 as a leader on the Nasdaq 100. Shares of the biotech company had risen a day earlier on positive study results of a combination therapy consisting of a cancer vaccine Moderna and the anticancer drug pembrolizumab from Merck & Co.
it crossed the $200 mark for the first time since mid-January. And like the day before, the stocks of Mainz competitor Biontech moved in the wake of Moderna by 3.7 percent.

Meanwhile, the previous day’s Nasdaq was Tesla’s latest again unsolicited with less than 2.3%. Shares of the electric car maker are still at their lowest level in two years: In 2022 they have lost more than half of their value so far. Bernstein analyst Toni Sacconaghi argued in a study in late November that the stock is still highly valued relative to traditional automakers. The market value, which at its peak was about $1.3 trillion, has now dropped to about $500 billion. At the same time, the three major German automakers Volkswagen are coming
Mercedes -Benz and bmw
together, however, only the equivalent of 215 billion dollars.

However, Charter Communications took over the red lantern in the tech-savvy selection index mid-week with a price slip of almost 16%. The telecom group is investing more than expected in its networks and therefore probably has less money left over for share buybacks. JPMorgan analysts then scaled back their expectations for the company.

On the other hand, Delta Air Lines newspapers put
after positive trade signals of two percent/dl/men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0333 2022-12-14/20:46

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