Thanks to a race to catch up in late trading, the US indices on the Nasdaq technology exchange turned positive on Monday. The NASDAQ 100, previously the fear of …
NEW YORK (dpa-AFX) – Thanks to a race to catch up in late trading, the US indices on the Nasdaq technology exchange turned positive on Monday. The NASDAQ 100, which had previously been pushed down by fear of interest rate hikes to its lowest level since mid-October, crossed the target with an increase of 0.14 percent to 15,614.43 points. Bargain hunters would have used the renewed attack of weakness to get started, it was said from the trade.
The standard values also reduced their discounts noticeably. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) was only 0.45 percent lower at 36,068.87 points at the end of trading. The market-wide S&P 500 reduced the minus to 0.14 percent at 4670.29 points. There were also signals that the number of infections with the Coronavirus variant Omikron in New York may now have peaked and that the worst may be over.
The first week of trading in 2022 went very badly for technology stocks. Investors worry that higher interest rates and thus more expensive financing could slow down the momentum in the growth industry. We are now waiting with nervousness for the inflation data due in the middle of the week. The US Federal Reserve should see its tightening of monetary policy confirmed if inflation continues to rise. The economists at Goldman Sachs are now expecting four rate hikes by the Fed this year, while three hikes have been generally assumed so far.
The strongest Dow value were the papers of the chip manufacturer Intel with plus 3.3 percent. Nike, bottom of the index, lost 4.2 percent. The British investment bank HSBC had downgraded the shares of the sporting goods manufacturer from “Buy” to “Hold”. The Nike course was also burdened by a warning from Lululemon Athletica. For example, sales and profit in the fourth quarter of the financial year should only be at the lower end of the targeted range due to the Omikron coronavirus variant. Lululemon papers lost 1.9 percent.
The focus was also on the two computer game developers Zynga and Take-Two Interactive Software (Take Two), because Take-Two now wants to take over Zynga for $ 12.7 billion or $ 9.86 per share. The purchase price corresponds to a premium of 64 percent on the closing price on Friday. While Zynga shot up 40.7 percent on Monday, Take-Two slipped 13.1 percent.
The euro was priced at $ 1.1326 after the close on Wall Street. The European Central Bank (ECB) set the reference rate at 1.1318 (Friday: 1.1298) dollars, the dollar cost 0.8836 (0.8851) euros.
On the bond market, the futures contract for ten-year Treasuries (T-Note-Future) fell by 0.04 percent to 128.25 points. The yield on ten-year government bonds was 1.762 percent./ajx/he
— By Achim Jüngling, dpa-AFX —
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