Börse Express – New York Stocks: Down to Slight Up


NEW YORK (dpa-AFX) – Most US stock markets rose slightly on Friday. However, investors remain cautious after the recent rally, which has stalled since late last week. Recently, in particular, statements by members of the US Federal Reserve have dampened the mood.

Der Dow Jones industrialist rose 0.33% to 33,654.35 points about two hours before the close, a weekly decline of 0.3%. Over the four-week rally, the more well-known Wall Street index was up nearly 20%.

The S&P 500 index it was last Friday in percentage unchanged at 3946.49 points. On the high-tech Nasdaq stock exchange, the Nasdaq 100 pick index gave after a friendly start of 0.51% to 11,617.66 points. On a weekly basis, that would translate to about one and a half percent less. The rally had given it a plus 15% to its peak since its mid-October low.

Wall Street and Nasdaq stocks were particularly buoyed by the easing of inflationary pressures in the US over the past week. There was hope that the Fed might soon be less aggressive in tightening interest rates. Meanwhile, however, more and more Fed members have come out whose comments contradict those expectations. China’s handling of the pandemic remains another important topic for equity management.

Among the individual values ​​was chip industry supplier Applied Materials with a surprisingly optimistic outlook for the last quarter. However, gains on the stock tumbled to 0.4% during trading. Easing supply chain bottlenecks benefits the company. Numerous analysts have raised their profit expectations and price targets.

The Visa credit card provider announced that, effective February, Ryan McInerney will succeed Alfred Kelly as CEO. McInerney has headed Visa’s global business since 2013 and says the company has 20 years of experience in the finance industry. The title hardly reacts. It dropped by 0.2%.

Coin basis suffered a negative comment from Bank of America analysts and lost 7.5%. Analyst Jason Kupferberg is more cautious on Coinbase shares given the impact of the collapse of cryptocurrency exchange FTX and has downgraded them to “neutral”. The FTX bankruptcy is also creating headwinds for Coinbase, so extra caution is needed, he wrote.

HP Inc it lost 0.5% after Credit Suisse downgraded shares in the PC and printer maker to ‘Neutral’.

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0291 2022-11-18/19:44

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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick