NEW YORK (awp international) – Wall Street recovered on Monday after a weaker start of trading during the session. The recovery was triggered by the announcement that the US state of New York, which was particularly hard hit by the corona pandemic, would slowly relax its restrictions again from Friday.
The Dow Jones Industrial was last listed 0.28 percent lower at 24,264.34 points, after falling by around 1 percent in early trading. The market-wide S&P 500 gained 0.10 percent to 2932.72 points. The technology-heavy Nasdaq 100 rose 0.91 percent to 9,303.99 points.
Among the individual stocks, the shares of Under Armor were noticeable with a loss of almost 11 percent. The US sporting goods manufacturer and Adidas competitor had announced that sales in the first quarter fell by 23 percent, mainly due to the Corona crisis.
Marriott’s shares recently lost 4.6 percent. The hotel chain failed to meet expectations for adjusted earnings per share in the first quarter. However, sales were better than expected.
There was news from the ailing US cosmetics company Coty. This sold 60 percent of the Darmstadt Wella Group to the financial investor KKR. However, Coty’s quarterly results were unexpectedly weak. The shares lost 6.4 percent.
AMC Entertainment’s shares soared 38 percent after media reports that retailer Amazon was considering taking over the film producer.
The papers of the graphics chip manufacturer Nvidia climbed a new record high at 324.11 US dollars and recently advanced by 3.5 percent./edh/zb
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