After the price records for the inauguration of the new President Joe Biden the day before, US stocks ran out of steam in early trading on Thursday. The leading index Dow Jones Industrial screwed up Immediately after the starting bell again reached a high, but then quickly gave up the moderate gains.
Most recently, the Dow was 0.03 percent in the red at 31,178 points. The market-wide S&P 500 was 0.04 percent with 3851 counters in the red. The tech-heavy Nasdaq 100
on the other hand, was able to increase by 0.35 percent to 13,343 points and reached another record high.
Since the beginning of November, the prices on Wall Street and even more so on the Nasdaq had risen sharply. The Nasdaq 100, for example, had gained almost 18 percent since then. The day before Biden’s inauguration, investors had once again grabbed it, but now the time could be ripe for a break after this price rally.
The season of quarterly reports from companies is picking up speed and is moving prices in some areas. United Airlines shares, for example, lost their shares almost six percent one. The ailing airline has declared 2021 a year of transition and, according to its own statement, will not be as profitable again as it was before the Corona crisis in 2023.
The papers of the aluminum producer Alcoa sagged by nine percent. Bank of America analysts complained that the company expected higher costs and had to spend cash on pension obligations.
The shares of the insurer The Travelers contained in the Dow
In contrast, they took the lead in the leading index with a plus of 3.3 percent. Earnings per share exceeded even the highest analyst estimate in the final quarter of 2020. / Bek / he
ISIN US2605661048 US6311011026 US78378X1072
AXC0287 2021-01-21 / 16: 18
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