Home » News » Equities New York Outlook: Weaker start to the week expected | 02/22/21

Equities New York Outlook: Weaker start to the week expected | 02/22/21

NEW YORK (dpa-AFX) – In line with the negative world stock markets, the US stock markets should also open in the minus zone on Monday. As in Europe, technology stocks should be under particular pressure. The broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) three quarters of an hour before trading opened 0.53 percent lower at 31,327 points. In the previous week, the US benchmark index had barely moved on balance.

The caution of many investors about soaring bond yields and concerns about a stronger increase in inflation have pushed the increasing optimism about the corona vaccination program and the path to an economic recovery into the background, said analyst Michael Hewson of CMC Markets.

Among the individual stocks, Boeing stocks are likely to be the focus of investors. After the engine failure of a Boeing 777 near Denver, the US Federal Aviation Administration ordered inspections for machines of this type which are equipped with certain engines from Pratt & Whitney. The Japanese aviation authorities have already issued a flight ban. In the pre-market trading, the Boeing papers fell 2.9 percent. The shares of Raytheon Technologies, parent company of Pratt & Whitney, lost 1.9 percent pre-market.

The corona vaccine from the German company Biontech (BioNTech (ADRs)) and its US partner Pfizer can now also be stored at higher temperatures. Biontech announced that the new data had already been submitted to the US FDA in order to adjust the emergency approval accordingly. Until now, the vaccine had to be stored at temperatures as low as minus 80 degrees Celsius, which made the logistics for vaccination difficult. Biontech stocks gained 1.4 percent in pre-market US trading, while Pfizer stocks fell 0.2 percent.

The US tire manufacturer Goodyear (Goodyear TireRubber) wants to strengthen itself meanwhile with the billion dollar takeover of the competitor Cooper (Cooper TireRubber). Cooper shareholders are to receive $ 41.75 in cash per share, plus 0.907 Goodyear shares on top of that. That corresponds to the closing price before the weekend a value of 54.46 dollars per paper, it said. Cooper shares rose by almost a fifth to just under $ 52./edh/mis

TRADE FOREIGN EXCHANGE WITH UP TO LEVER 30 NOW

Trade forex with high leverage and small spreads. With only € 100.00 you can benefit from the effect of € 3,000 in capital.

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.


– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.