NEW YORK (awp international) – After the record high on Wall Street at the beginning of the week, investors on the US stock exchanges are likely to shy away from risks again on Tuesday. Current October retail data was slightly weaker than expected. We are now waiting for the data on industrial production to be released shortly after the stock market launch.
The broker IG estimated the US leading index Dow Jones Industrial around an hour before the start of trading 0.9 percent lower to 29,670 points. On Monday, the Dow had trumped its high from the previous week, but was not yet able to break the round mark of 30,000 points.
The hardware store chain Home Depot and the supermarket operator Walmart presented quarterly figures from the Dow. Home Depot also benefited from significantly increased customer demand in the third quarter and exceeded analysts’ expectations. Before the trading session, the share, which is not too far from the record high it reached at the end of August, fell 1.2 percent.
The Walmart paper fell 0.5 percent before it started trading, after climbing to a record high the day before. Because of a strong online business, the group performed better than expected in the third quarter.
Tesla shares should also be worth a look. The previous evening, the index provider S&P announced that the electric car manufacturer will be represented in the market-wide S&P 500 from December 21st. Before the trading day, the shares benefited from this with a plus of slightly more than 13 percent.
For T-Mobile US it also went up by 2.6 percent. According to a statement to the Securities and Exchange Commission the previous day, the investment company Berkshire Hathaway from star investor Warren Buffett stocked up on T-Mobile shares valued at around $ 276 million in the past quarter./ck/jha/
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