Börse Express – ROUNDUP / Aktien New York: S&P follows Nasdaq in record high

The US exchanges remain a double-edged sword on Tuesday. During the Dow Jones Industrial
did not get up to speed with its standard values, other indices posted new records. The tech-heavy Nasdaq 100 raised its early trading record to 11,385 points and the S&P 500 followed him with a record of 3395 points.

In general, however, the momentum slackened. Most recently, the Nasdaq index only gained 0.15 percent to 11,305.05 points, while the market-wide S&P lost 0.19 percent to 3375.67 points. After a listless start, the Dow fell 0.47 percent to 27,714.17 points. While in the tech sector individual stock stories such as Tesla
drifting, Wall Street’s barometer has been lacking inspiration for days. It is now almost seven percent away from the record set in February.

According to Franz-Georg Wenner from Index-Radar, the lethargy at the Dow in the seasonal summer phase is not surprising. “Here, too, clearer movements are only a matter of time,” believes the expert. “The closer and longer the courses run sideways in a narrow range, the stronger the subsequent impulse is, according to experience.” On Tuesday, the daily trend now seems to be on the downside.

A positive impulse could come from much desired positive news from Washington. Here, investors are still waiting for the US government’s economic stimulus to counter the consequences of the corona pandemic. Meanwhile, President Donald Trump heated up the conflict with China on Tuesday by blacklisting companies from the area around the Chinese Huawei group.

On the Nasdaq, the rally was driven by individual stocks like Tesla or price increases in heavyweight stocks like Amazon . The trading giant’s papers advanced by 2.3 percent on Tuesday. Tesla, meanwhile, continued their record rally by briefly breaking the $ 1,900 mark for the first time. Most recently, they gained 2.6 percent to $ 1,884.

In the Dow meanwhile, Home Depot got good company numbers
and Walmart not for support. Both stocks moved slightly more than one percent in the red, even if the quarterly reports initially met with a positive response. In both cases, experts summed up a result that was above expectations.

Boeing too remained in the Dow with minus 0.7 percent a burden. According to Kreisen, the aircraft manufacturer is pushing ahead with the expansion of the planned job cuts due to the Corona crisis with planned severance packages. The Bloomberg news agency reported on Tuesday night, citing a message from Boeing boss Dave Calhoun to employees.

In the wake of the US-China confrontation, the Chinese video app Tiktok remains an issue with President Trump pushing for the US business to be sold. According to insiders, this is what the software company Oracle is now interested in sharing. Its shares rose by 3.5 percent.

Microsoft is currently negotiating with the Tiktok owner ByteDance about the takeover of the business in the USA and other countries. According to a media report, the short message service Twitter is also said to be Had conversations. Neither Microsoft nor Twitter profited from it on Tuesday, both shares lost 0.3 percent.

At the biotech company Curevac , who is working on a corona vaccine, the price fireworks since the IPO came to an end for the time being. The shares lost more than ten percent in early Tuesday trading. Investors from the first hour should be able to get over the small setback, then since the initial listing on Friday the value of the share had increased more than fivefold at the top. / Tih / he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0285 2020-08-18/16:54

Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

–