Given a sales warning from Apple
is Wall Street on Tuesday with losses from the
long weekend come. The message of the
Technology group once again worried investors about what the
Consequences of spreading the coronavirus affects.
The Dow Jones Industrial ultimately lost 0.56
Percent to 29 232.19 points. The leading index thus continued to come from
its record level over 29,500 points from the previous week and
posted the third consecutive trading day with a negative sign.
The S&P 500 sank in the broad market by 0.29 percent
3370.29 counters. The picture was on the technology-heavy Nasdaq exchange
despite the price slump at Apple more stable. With course wins at
Tesla the Nasdaq selection index went as a counterweight
100 0.06 percent higher at 9629.80 points above that
Finish line.
Apple announced that the only few weeks old
Revenue forecast for the current quarter due to the
Coronavirus situation in China is missed. With iPhones there is
Delivery bottlenecks because production in China started up more slowly
was as planned. In addition, sales of Apple devices were in the
Country has been subdued recently, as many shops are at times
remained closed and were poorly attended.
The epidemic of the new lung disease Covid-19 is set to recede
An expert’s assessment in China may not be until the end of April
stabilize. “This is a very rough estimate,” said Zhong
Nanshan, head of the Chinese government expert group, on
Tuesday. With a high point of the outbreak is after current
Expected to be expected by the end of February.
Apple shares were down 1.8 percent in the Dow
biggest losers. The whole thing was affected
Chip industry, for which Apple not only as an important customer, but also
also considered a mood barometer. Broadcom shares
, Qualcomm or Intel
lost between 1.7 and 2.2 percent. Among the
Industry suppliers bagged Applied Materials or Lam
Research even decreased by up to 4.1 percent.
Tesla, on the other hand, advanced 7.3 percent on the Nasdaq. At 858
Dollars they were approaching the high level of early February,
when the stock rally peaked at $ 968. Lift gradually
now analysts set their price targets in higher spheres. Toni Sacconaghi from
Bernstein Research’s goal for Tuesday is now $ 730 more
than doubled. With Morgan Stanley, it was still a good fit
pessimistic analysis house the price target at least $ 500
strongly upwards.
On the positive side of the Dow, Walmart made it
according to their quarterly figures with 1.5 percent in the plus. The
US supermarket chain has disappointed in the Christmas business,
the outlook was on the market in the current uncertain times
but rated as “robust”. JPMorgan analyst Christopher Horvers
spoke of “silver lining”.
There was also talk of a takeover at
Asset managers. Franklin Resources , the
Parent company of fund provider Franklin Templeton wants the
Competitor Legg Mason swallow and offers 50
US dollars per share. The Franklin share certificates rose by 7 percent
and that of the takeover target even by 24 percent.
The Euro has its downward trend on Tuesday
past trading days with the fall below the 1.08 mark
US dollars continued. The most recent payment was $ 1.0795. The
European Central Bank (ECB) had the reference rate
meanwhile still at $ 1.0816 (Monday: 1.0835)
set. The dollar thus cost 0.9246 (0.9229) euros.
The security needs of investors provided for the bond market
Price gains. Supported by their character as the safe haven of the
Investors switched trend-setting ten-year US government bonds
7/32 points to 99 14/32 points. They paid out at 1,559
Prozent./tih/he
— By Timo Hausdorf, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0336 2020-02-18 / 22:26
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
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