Börse Express – New York Stocks: Dow extends losses

NEW YORK (dpa-AFX) – The mood on New York’s Wall Street has clouded over after the strong start to the year. Details from the central bank minutes had already resulted in a weak close of trading on Wednesday. That Thursday, the Dow Jones Industrial continue after. Around two hours before the close of trading, it lost 0.36 percent to 36 277.10 points.

Dem S&P 500 after a weaker start of trading, the turning point turned positive. It last held its own with a plus of 0.07 percent to 4703.74 points. And the technology-heavy Nasdaq stock exchanges, which had already started weakly in the new year 2022, shook off their initial losses and increased moderately. The Nasdaq 100 selection index last moved 0.13 percent to 15,793.05 points.

Strong order entry data from industry and, albeit a little weaker than expected, but still strong ISM sentiment data from the service sector, caused a certain reluctance among investors. Because: According to these data, growth doubts are “not appropriate”, commented analyst Ulrich Wortberg from Helaba. It is true that they did not force expectations of rising interest rates in the US soon, but “these are already clearly pronounced”.

In its Minutes published the day before, the US Federal Reserve left no doubt that interest rates will soon be raised. In addition, some members of the monetary policy committee had spoken out in favor of starting to reduce the central bank’s total assets shortly after the first interest rate hike. That surprised the markets insofar as the Fed minutes had revealed a rather aggressive monetary policy view of the central bankers, judged analyst Birgit Henseler from DZ Bank.

On the corporate side, the shares of Walgreens were in the Dow
in view, which lost 1.4 percent after the figures presented for the first fiscal quarter and raised annual targets. The drugstore and pharmacy chain started the new financial year with surprisingly strong growth thanks to corona vaccinations and tests.

Tesla also continued to decline. The e-automaker’s shares, which had cost a little more than $ 1200 apiece earlier in the year, lost 2.4 percent and are rapidly approaching the $ 1,000 mark.

Industry colleague Rivian’s papers sagged nearly 7 percent after falling to a record low of $ 75.13 in early trading. The e-van deal from Amazon that had become known the day before with the car maker Stellantis – there should be a first delivery as early as 2023 – burdened unabated.

The Meta, on the other hand, went on a recovery course -Papers. The shares of the Facebook mother gained 3.1 percent.

For Bed Bath & Beyond at times it went up by 20 percent, most recently an increase of almost 9 percent was posted. The retailer’s quarterly report was rather mixed due to delivery bottlenecks and the outlook for the fourth quarter fell short of market expectations. However, the margin in the third quarter of the financial year was positively highlighted./ck/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0275 2022-01-06/19:43

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