Börse Express – New York shares: Weak numbers from banks

NEW YORK (dpa-AFX) – At the start of the reporting season for US companies, the New York stock market on Friday extended its losses from the previous day. The numbers and outlook of some US financial groups were mostly disappointing. JPMorgan shares
then dropped significantly. The technology stocks, which had once again come under strong selling pressure the day before, initially lost further ground, but then recovered somewhat. They are particularly suffering from interest rate fears, which increased again after some US monetary authorities signaled that they wanted to fight inflation aggressively.

Der US-Leitindex Dow Jones Industrial recorded a discount of 0.68 percent to 35,866 points a few minutes after the starting bell. The market-wide S&P 500 fell by 0.32 percent to 4644 points. The tech-heavy Nasdaq 100
almost contained its initial minus and recorded minus 0.05 percent to 15,488 points.

Most of the US economic data published to date has been disappointing. Sales in the important US retail sector fell much more sharply than expected in December. Industrial production for December also fell short of expectations. On the other hand, the rise in prices for goods imported from the USA weakened more than expected in December./ajx/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0257 2022-01-14/15:51

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