The US stock markets are likely to continue their mixed trend from the beginning of the week on Tuesday. The default values on Wall Street should continue to be stable. By contrast, the technology stocks that have recently performed well above average are likely to lead to further profit-taking on a larger scale.
The broker IG assessed the Dow Jones Industrial 4524 points hardly changed three quarters of an hour before the opening of trading. The indication for the Nasdaq 100 index
is around minus 1.6 percent.
Home Depot shares could be among the individual stocks
are in the investor focus. In pre-market trading, the papers fell recently by 2.3 percent despite good quarterly figures from the DIY chain.
Tesla shares followed on from their massive previous day’s loss of 8.6 percent and lost a further 5.7 percent. Since the record high of January 25, the price drops in the titles of the electric car manufacturer have already totaled around a quarter. The stock exchange traders justified the price decline on Monday with taking profits in technology stocks.
The department store chain Macy’s Inc. had to accept a profit slump of 53 percent in the fourth quarter due to the corona pandemic. Net sales for the quarter fell by almost 19 percent. Nevertheless, both indicators exceeded the average expectations of the analysts. Before the IPO, the shares rose by 1.8 percent./edh/fba
ISIN US2605661048 US6311011026 US78378X1072
AXC0270 2021-02-23/14:59
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