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New York equities end: Dow slightly in the red – records in tech indices

The leading index Dow fell by 0.12 percent to 30,960.00 points at the end and thus made up for a large part of its losses of up to 1.4 percent that had accrued in early trading. The broader S&P 500 managed an increase of 0.36 percent to 3855.36 points.

Among the technology indices, the Nasdaq 100 was 0.87 percent higher at 13,483.29 points. The market-wide Nasdaq Composite gained 0.69 percent.

The shares of Apple had cracked the round mark of 140 US dollars for the first time and were after a short excursion into the red in the end at the top of the Dow with 2.77 percent. The iPhone manufacturer will not present its figures until Wednesday after the market closes, but investors and experts are apparently already positioning themselves optimistically. It was considered helpful that the experts from the analysis house Wedbush believe that the papers with a target of 175 dollars have a lot of unbeaten potential.

US President Joe Biden meanwhile renewed the entry ban for foreigners from Europe. The measure was also extended to foreign travelers from South Africa to protect against a new variant of the coronavirus. “The national emergency caused by the coronavirus outbreak in the United States continues to pose a serious threat to our health and safety,” said the proclamation signed by Biden. Airline stocks suffered from the bad news. American Airlines, Delta and United were traded between 2.5 and 4.2 percent lower.

At the computer game dealer Gamestop, the latest price spectacle continued. The share certificates had meanwhile jumped 145 percent after they had already increased by more than half last Friday. Most recently there was an increase of a good 18 percent.

For fear of an imbalance, the Gamestop papers were still at a record low in the summer of 2020, but for a few days they have been unable to stop with a record level of a good 159 dollars. Gamestop is one of the stocks that have recently been heavily discussed on the Reddit online platform. There, investors agree to buy shares, for example to force investors out of the market who have speculated on falling prices.

At the beginning of the week, the power of private investors connected through social networks was also felt by those professional investors who had bet on price losses on the shares of Nokia and Blackberry. While the papers of the network equipment manufacturer Nokia in Helsinki closed around 13 percent higher, the shares of the software manufacturer and former mobile phone specialist Blackberry even recorded a plus of more than 28 percent.

The euro came under some pressure on the foreign exchange market and was most recently quoted at 1.2141 US dollars after economic data from Germany were weak. The European Central Bank set the reference rate at 1.2152 (Friday: 1.2158) dollars. The dollar cost 0.8229 (0.8225) euros. The futures contract for ten-year Treasuries (T-Note-Future) rose by 0.28 percent to 137.41 points. In return, the yield on the ten-year bond fell to 1.03 percent./la/he

— By Lutz Alexander, dpa-AFX —

(AWP)

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