Börse Express – New York Stocks: Dow continues to fall after Fed meeting minutes

NEW YORK (dpa-AFX) – The US stock markets showed no clear trend in trading on Thursday. The majority of the standard stocks on Wall Street were in the red, while the technology stocks on the Nasdaq mainly rose. Stock marketers cited the increasing number of corona cases in the USA and concerns about a possible tightening of monetary policy by the US Federal Reserve as a burden.

Der Dow Jones Industrial last fell by 0.38 percent to 34,828.77 points after losing more than one percent the day before. The market-wide S&P 500 fell on Thursday by 0.02 percent to 4399.45 points. The tech-heavy Nasdaq 100 gained 0.56 percent to 14,941.45 points.

As the minutes of the latest Fed meeting published in the US on Wednesday showed, the members of the central bank were divided over when the bond purchases to support the economy should be reduced. The majority, however, were of the opinion that they should start this year.

Stock marketers fear that a reduction in purchases would put the stock markets under pressure because the markets would then have less liquidity available and other asset classes such as bonds could become more attractive. In the end, it hardly matters whether the Fed will not begin until the end of the year or in the first quarter of 2022, said analyst Jeffrey Halley of the Oanda trading company.

Among the individual values ​​were the titles from Cisco by 3.4 percent. A high demand for devices for Internet and data traffic brought the network specialist significant business growth in the past quarter.

A high demand for gaming equipment such as graphics cards and technology for data centers helped the chip company Nvidia
into a surprisingly strong second quarter. The shares gained 5.0 percent.

Macy’s department store group convinced investors with a surprising net sales target for the current financial year. This shot up the shares by more than 20 percent.

Alibaba’s shares expanded their recent losses and fell another 6.5 percent. The online trader’s Hong Kong-listed paper had previously fallen to record lows amid continued pressure from Chinese regulators.

Doordash’s papers sagged by 6.3 percent. The Bloomberg news agency had previously reported, citing insiders, that the conglomerate Softbank
Wants to sell shares of the food supplier with a volume of around 2.2 billion US dollars./edh/stw

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0218 2021-08-19 / 20: 18

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