Börse Express – New York Stocks: Tech stocks weaken after rapid recovery

NEW YORK (dpa-AFX) – On Thursday, investors took profits in technology stocks on the New York stock exchanges. The Nasdaq 100, which was shaped by this industry last fell by 0.87 percent to 16,250.95 points. The tech values ​​barometer has still gained 3.4 percent this week.

The development of the standard stocks was somewhat more differentiated: The Dow Jones Industrial made it two hours before the end with 0.26 percent in the plus to 35 846.57 points, for him there is now a weekly plus of 3.7 percent. The market-wide S&P 500 on the other hand, it lost 0.24 percent on Thursday to 4689.97 points.

The market said that investors continue to have concerns about the economic risks posed by the new Corona variant Omikron – out of concern about the necessary containment measures. This curbs the recently noticeable optimism that infections are likely to be mild and that booster vaccinations are apparently effective. “There is still too much to learn about this variant to be able to draw firm conclusions,” said expert Craig Erlam of broker Oanda.

In addition, it was said on the market that investors were acting rather cautiously ahead of the inflation figures expected on Friday from the USA. The price data is considered to be particularly relevant for the monetary policy of the US Federal Reserve.

When it comes to individual stocks, there has been little spectacular movement in the Dow. The shares of Apple gained 0.3 percent. The iPhone company had succeeded at the last minute the day before in postponing a court ruling to relax the app store rules. Actually, app developers in the USA should be given the right to use links or buttons to refer to payment options outside of Apple’s platform for their applications.

Boeing shares lost 1.9 percent. After the recent recovery rally, they followed a receding aviation industry. In general, stocks in the travel industry have been under pressure. Including airlines with duties of 1.6 percent at United Airlines.

Otherwise, the shares of the ailing US video game retailer Gamestop fell negatively on – the share that caused a sensation at the beginning of the year with price fluctuations triggered by privately organized investors. The papers lost 8.8 percent on Thursday. They suffered above all from a quarterly loss that was higher than expected.

In contrast, the shares of CVS Health became more expensive
by 4.5 percent. The retail group, which specializes in pharmaceutical products, plans to distribute more funds to its shareholders through higher dividends and share buybacks. This raised sentiment across the sector, the papers of the pharmacy chain Walgreens Boots Alliance rose 1.6 percent at the top of the Dow.

Meanwhile, some tech stocks that actually come from China were in demand on the Nasdaq. For the shares of the Pinduoduo e-commerce platform , the search engine Baidu or the online trading platform JD.com
it went up between 1.2 and 2.4 percent. According to stockbrokers, they followed the previously posted price gains on the stock exchanges in China and Hong Kong./tih/jha/

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0398 2021-12-09/20:34

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