NEW YORK (dpa-AFX) – Price gains on the US stock exchanges in the first few minutes of trading largely evaporated on Thursday. The leading index Dow Jones Industrial was up 0.35 percent to 34,683.93 points. Even surprisingly good economic data on consumer sentiment in the USA could not boost the stock exchanges.
The broader S&P 500
There was significantly more light than shadow in the banking sector. The quarterly reports from Morgan Stanley, Goldman Sachs, Citigroup and US Bancorp convinced investors. The courses increased by 0.5 to 4 percent. The investment houses did particularly well in the trading business, which benefited from strong market fluctuations in the first quarter. However, investors were disappointed by the figures from Wells Fargo, whose shares lost 6.5 percent.
The quarterly figures from the health insurer Unitedhealth were also good
Nike shares led the Dow with a plus of 3.5 percent. Analyst Matthew Boss from JPMorgan said after a conversation with the management of the sporting goods manufacturer that business in the important sales market China is on the right track.
IBM shares gained 2.2 percent, also benefiting from analyst commentary. Kathryn Huberty from Morgan Stanley advised buying the shares, citing the technology group’s “defensive qualities” in economically difficult times.
A takeover bid by Tesla boss Elon Musk for Twitter triggered hardly any euphoria. Musk is offering $54.20 in cash for each Twitter share. That’s 54 percent more than the shares cost on Jan. 28 — the day before Musk began investing in Twitter. However, Twitter shares rose just 3 percent to $47.24, well below the price Musk offered. Analysts also suspected that many Twitter shareholders would probably not accept the offer./bek/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0252 2022-04-14/16:29
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