Indices in this article
NEW YORK (dpa-AFX) – Before important political decisions, the standard value indices on Wall Street came under pressure on Thursday. In the course of trading, the current household poker in Washington caused increasing nervousness. In addition, Brsians referred to the continuing supply bottlenecks in the economy. They are largely related to the catch-up effects caused by the pandemic.
After a mixed start to trading, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) recently traded 1.08 percent lower at 34,017.96 points. The stock market barometer is thus heading for the first quarterly loss since the beginning of the corona pandemic.
For the broader S&P 500, it was down 0.61 percent to 4,333.02 points. The technology-heavy NASDAQ 100, however, advanced 0.12 percent to 14,770.85 points.
At the last minute, the US Congress wanted to avert an impending partial standstill in government business. A vote is currently planned in the House of Representatives in order to finally put the budget regulation into effect shortly before the end of a crucial deadline at midnight Washington time.
The new fiscal year in the US starts this Friday. If no budgetary regulation has been adopted by then, parts of the government will “shut down”. This means that some state employees would have to be given compulsory leave or work temporarily without pay. Such “shutdowns” occur frequently in the USA. US President Joe Biden wants to prevent this from happening to him.
If the Senate and House of Representatives reach an agreement, the issue of shutdown could at least temporarily be removed from the list of risk factors for the stock market, said market strategist Jrgen Molnar of RoboMarkets. Then the problem with the debt ceiling still needs to be resolved. Without an increase or suspension of this limit, the US government faces default, according to Treasury Secretary Janet Yellen.
Among the individual values, the papers from Bed Bath and Beyond (Bed BathBeyond) stood out with a price slide of 21 percent. The retailer for things to do with home ownership missed market expectations with its business figures and cut its forecasts. Among other things, the company suffered from the fact that fewer customers than expected had visited the branches due to the spread of the delta variant of the corona virus, and delivery bottlenecks also had a negative impact here.
Among the few winners in the Dow, the papers of Merck & Co (Merck) gained half a percent. As previously speculated, the pharmaceutical company wants to buy the biopharmaceutical company Acceleron Pharma. Its share certificates have now fallen by more than one percent, having recently benefited significantly from the takeover rights./la/he
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