Investors have disastrous economic data
scared on the US stock market on Wednesday. There were also high ones
Price losses in the energy sector. Bank shares also suffered in part
after a further institute presented quarterly figures
had. The New York leading index Dow Jones Industrial
most recently dropped by 2.18 percent to 23,427.76 points. That’s it
Wall Street barometer but still almost 29 percent above his
Corona crisis low of March 23.
For the broader S&P 500 it went to
Midweek down 2.35 percent to 2779.16 points. Of the
Technology-heavy selection index Nasdaq 100 lost
1.30 percent to 8578.98 points and thus struck like the
two days ago again better than the standard values.
Charged by the Corona crisis, the much-noticed broke in March
US retail sales were stronger than ever in the previous month.
In addition, the mood in industry in the
New York State in April to an unprecedented extent
on. The Empire State Index dropped to a record low and
signaled a slump in economic activity.
Finally, US industrial production fell in March
as strong as not since 1946 and also from
US housing market came extremely cloudy mood data.
“So it came as feared, and it won’t be for now
better, “commented analyst Bernd Krampen from NordLB
Data. “Production can only be restarted slowly
you don’t want a second wave of virus spreading
risk. “The record slump in the New York Empire State Index
clarify the extent of the whole horror.
The US Federal Reserve’s economic report is still in the process
on the agenda, the so-called Beige Book, the new notes on
could provide the monetary authorities’ assessment of the situation.
After the day before the numbers of banks JPMorgan
and Wells Fargo did not go down well
followed that day with Goldman Sachs , Bank of
America (BofA) , Citigroup
and U.S. Bancorp
further credit houses with quarterly figures.
In view of the Corona crisis, they also made high provisions
for bad loans, which was at the expense of profits. Your courses gave
Goldman Sachs is the exception with a plus of 0.6 percent
were. Particularly high taxes of around five and a half percent
U.S. investors had to Bancorp and Bank of America cope.
Oil stocks were under pressure once again. Market watchers referred
on a forecast by the International Energy Agency, the one
massive slump in demand expected. That expressed, among other things
the price of a barrel of American WTI under 20
Dollar. Chevron shares listed in the Dow and
ExxonMobil lost around five percent each.
The shares of the chemical company Dow Inc lost as
Index spotlight almost nine percent.
At the largest US healthcare provider and health insurer
UnitedHealth depressed the corona pandemic in the first
Quarter, however, only slightly on profits. The analysts of the
Credit Suisse praised UnitedHealth’s confirmation of its annual targets.
At the top of the Dow, the titles defied this with a plus of three percent
weak market.
Netflix shares even rose to a record high
at $ 434.12. Most recently, they were 4.1 percent higher. Of the
Streaming provider and film producer is considered one of the beneficiaries
the virus crisis. Because many people because of the limitations of the
little or no economic and public life at the moment
not working, the interest in more available from home increases
Entertainment./ajx/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0375 2020-04-15 / 19: 57
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