Börse Express – New York stocks: Corona worries weigh on prices

NEW YORK (dpa-AFX) – The US stock exchanges could not escape the global market weakness on Thursday. The Dow Jones Industrial
was able to curb its early minus of about one and a half percent, most recently it was 0.87 percent to 34 379.47 points. Experts cited persistent worries about the global economic recovery as a burden, which had already been blamed for some major losses in Europe and Asia.

The other major New York indices were also able to reduce their losses, but they were unable to continue the latest record rally. The market-wide S&P 500 fell 0.78 percent to 4,324.05 points. The tech-heavy Nasdaq 100
was able to reduce its discount most significantly, after 1.7 percent in the low, it recently only fell by 0.42 percent to 14,747.77 points.

Due to the particularly contagious Delta variant, investors around the world currently fear that the rising number of corona infections will pose a threat to the economic recovery. In addition, the recovery in the US labor market paused last week. The number of initial jobless claims had risen somewhat.

In the Dow, it was some stocks from defensive sectors such as health care and retail that did relatively well. The papers of the pharmaceutical company Amgen and the supermarket chain Walmart were recently just above their previous day’s level.

On the other hand, banks with larger losses emerged, especially Goldman Sachs with a discount of 2.7 percent. Yields on the bond market have recently fallen significantly. The yield on ten-year US bonds is recently below the mark of 1.3 percent at a five-month low.

After the last strong run, the shares of Apple shied away
an attack on the previous $ 145 record. After an increase of almost 18 percent since the beginning of June, they last lost half a percent on Thursday.

The latest slide in the shares of Chinese companies listed on the US stock exchange continued unabated after the Chinese government announced significantly tighter controls on them the day before. The shares of the transportation agent Didi, which was only recently listed in New York sagged by 4.5 percent. This was followed by Alibaba down 3.6 percent./tih/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0337 2021-07-08/20:12

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

– .