After the record high on Wall Street at the beginning of the week, investors on the US stock exchanges are likely to shy away from risks again on Tuesday. Current October retail data was slightly weaker than expected. We are now waiting for the data on industrial production to be released shortly after the stock market launch.
The broker IG assessed the US leading index Dow Jones Industrial
around an hour before the start of trading, 0.9 percent lower to 29,670 points. On Monday, the Dow had trumped its high from the previous week, but was not yet able to break the round mark of 30,000 points.
The hardware store chain Home Depot provided quarterly figures from the Dow
and the supermarket operator Walmart
in front. Home Depot also benefited from significantly increased customer demand in the third quarter and exceeded analysts’ expectations. Before the trading session, the share, which is not too far from the record high it reached at the end of August, fell 1.2 percent.
The Walmart paper fell 0.5 percent before it started trading, after climbing to a record high the day before. Because of a strong online business, the group performed better than expected in the third quarter.
Tesla shares should also be worth a look. The previous evening, the index provider S&P had announced that the electric car manufacturer would be in the market-wide S&P 500 from December 21st
will be represented. Before the trading day, the shares benefited from this with a plus of slightly more than 13 percent.
For T-Mobile US it also went up by 2.6 percent. As emerged from a communication to the SEC the previous day, the investment company Berkshire Hathaway coincided from star investor Warren Buffett last quarter with T-Mobile shares valued at around $ 276 million ./ck/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0243 2020-11-17 / 14:53
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