Börse Express – ROUNDUP/Aktien New York Bottom Line: Dow despite sluggish trading at seven-month high

NEW YORK (dpa-AFX) – Investors in the US stock market showed little willingness to buy during “Black Friday” in a calm market environment. The industrial Dow Jones On the last trading day of the week, which ended at 19:00 Central European Time after yesterday’s “Thanksgiving” holiday, a moderate gain was enough for up to seven months.

Ultimately, New York’s main index gained 0.45% to 34,347.03 points, resulting in a 1.8% weekly gain. With the entire S&P 500 market closed Friday down 0.03% at 4026.12 points, while the tech-heavy Nasdaq 100 it fell 0.70% to 11,756.03 points.

Given the already high valuations on the stock exchange, investors are more likely to sense pre-Christmas deals in stores: On “Black Friday” Christmas activity is traditionally heralded with particularly large discounts. The Dow has since contained its annual loss to 5.5% thanks to a nearly 20% recovery since mid-October.

“Yields on the US bond markets, which have fallen again after a few trading days, are helpful,” said market observer Andreas Lipkow. The minutes of the latest US Federal Reserve meeting provided relief on Wednesday. This shows that most Fed members are in favor of more cautious rate hikes going forward.

Friday’s focus was on retail: “Early Black Friday sales figures have the potential to decide or at least help decide the future direction of stock exchanges,” said market watcher Thomas Altmann of QC Partners. In light of the rising cost of living, it will be especially exciting this year to see how much cash US consumers still have ready for Christmas presents.

Stocks in retail giant Walmart
it developed relatively smoothly with an increase of 0.4 percent. The same was true for the titles of its main online competitor Amazon , which lost 0.8% in the weak technology environment. Even the target that barely moves
-The titles were meaningless. For the best buy
meanwhile, it fell 1.4% while Macy’s
increased by nearly one percent.

Stocks of American US airlines Delta
southwest and United
increased by nearly two percent. They benefited from the fact that many Americans used yesterday’s vacation for a long weekend and traveled.

At Manchester United, meanwhile, rumors continued to boil. New York City Newspapers of the British soccer team eventually jumped a further 13 percent to US$21.21 and was at times more expensive than it had been in over four years. After the Glazer family’s selling plans became known, a vague media report on Thursday claimed that Apple may show interest in a purchase.

Similarly vague reports that the news was not initially true did not affect the newspapers of the football team, probably also because it was with Amancio Ortega, head and founder of the textile company Inditex, as well as Saudi Arabia allegedly there are other interested parties. Including current earnings, the recent price hike totals more than 60 percent.

However, Apple’s management is likely to be dealing with entirely different issues right now: The tech group’s shares lost nearly two percent as trailing rear Dow after Reuters news agency, citing informed circles, said unrest recently piled up among employees at iPhone maker Foxconn could further disrupt already inhibited production. In the largest iPhone factory in the world, protests are held again and again due to the Chinese corona measures. According to the report, output will decline by at least 30% rather than as much as 30% as previously assumed.

For Activision Blizzard stock it was down four percent. Here, a report weighed in on the US competition authority FTC’s planned takeover of the computer games supplier by software giant Microsoft
should hinder. Closed Microsoft stocks have changed little.

The euro The latest fell to $1.0403 following recent days’ gains in New York trading. The European Central Bank had previously set the key rate at 1.0375 (Thursday: 1.0413) dollars and the dollar therefore cost 0.9638 (0.9603) euros. After a cautious start, US bonds turned moderately positive: the futures contract for 10-year bonds (T-Note Future) climbed 0.11% to 113.08 points. 10-year Treasuries returned 3.69 percent/gl/nas

— By Gerold Löhle, dpa-AFX —

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AXC0300 2022-11-25/19:57

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