NEW YORK (dpa-AFX) – Slight profit-taking pushed Wall Street somewhat into the red on Tuesday. After the mostly positive start to the week with new records, the most important indices are still at high levels.
The leading index Dow Jones Industrial gave way by 0.07 percent to 35,374.99 points. On a monthly basis, this indicates an increase of a good 1 percent.
From a technical chart point of view, the Dow is currently still having trouble finding buyers above its most recent interim highs, wrote the expert Andreas Büchler from Index Radar. But if demand picks up again, the uptrend channel could be exhausted.
For the broader S&P 500 
it went down on Tuesday by 0.13 percent to 4522.94 points. Among the technology indices, the Nasdaq 100 fell by 0.18 percent to 15 576.62 points.
On the corporate side, the focus was on the video conferencing service Zoom with its business figures. Although this generated quarterly sales of more than one billion dollars for the first time, it expects lower growth in the future.
After the corona pandemic accelerated the change in the world of work and triggered a strong trend towards home offices, more and more employees are now returning to the offices. That darkens the business outlook for Zoom significantly. The shares plummeted by more than 16 percent, making them by far the biggest loser on the Nasdaq 100.
In contrast, the shares in Netease listed in New York recovered by more than seven percent thanks to good quarterly figures, putting them at the top of the index. The previous day, the papers of the Chinese online company suffered from the fact that the Chinese leadership tightened the rules for young users of online games.
Wells Fargo shares fell nearly four percent among the biggest losers in the S&P 500. According to insiders, the big bank may have to reckon with further penalties from the supervisory authorities in an affair involving bogus accounts long ago.
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