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NEW YORK (dpa-AFX) – Inflation and corona worries will probably again cause heavy losses to the US exchanges on Monday. A market watcher said that investor sentiment has deteriorated in view of the spread of the delta variant of the corona virus in numerous countries around the world. In addition, they are unsure about the impact of inflation on the economic outlook. This was already noticeable on the stock markets in Asia and also affected the European stock exchanges.
About an hour before the start of trading on Wall Street, the broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) 1.5 percent in the red to 34,165 points. The record high of just under 35,092 points reached in May is now a little more distant. The technology-heavy Nasdaq stock exchange is also making a weak start. IG valued the Nasdaq 100 index with 1.1 percent in the red to 14 525 points. The selection index only reached a record level last week.
At the start of the week, things are initially relatively calm on the company side. The IT veteran IBM will announce its quarterly figures afterwards. Before the start of trading this Monday, the shares lost around 1 percent. Most recently, the focus was on the papers at the beginning of the month. Then it was surprisingly announced that cloud manager Jim Whitehurst – formerly head of the software provider Red Hat, which was taken over by IBM – is giving up his position in the top management of the group and is only available as an adviser. Analysts had given Whitehurst an important role in the necessary remodeling of the computer dinosaur.
With a takeover project, however, the video conferencing service Zoom (Zoom Video Communications) has already moved into the focus of investors. Zoom intends to take over the US company Five9, a cloud software provider for customer communication, for 14.7 billion US dollars (around 12.5 billion euros) and thus position itself more broadly. The purchase is to be financed with own shares. The Five9 management is behind the deal, which – should it be realized – would be the largest in the history of Zoom. Primarily the papers from Zoom Video lost a little more than 2 percent, while Five9 gained almost 8 percent.
Companies such as Chevron, ExxonMobil and ConocoPhillips were noticeably charged after it became known that the oil cartel Opec and its partner countries (Opec +) agreed on a significant increase in oil production over the weekend in light of the global economic recovery. As a result, the recently sharply increased oil prices came under pressure./ck/mis
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