The Dow Jones Industrial was last listed 0.28 percent lower at 35,712.74 points. For the market-wide S&P 500 it went down by 0.07 percent to 4687.21 points. The Nasdaq 100 fell 0.08 percent to 16,292.97 points.
The US economy grew somewhat faster in the summer than previously known. The gross domestic product (GDP) rose in the third quarter compared to the previous quarter by an annualized 2.1 percent. The weekly initial jobless claims fell by 71,000 to 199,000, the lowest level since 1969. Analysts had expected an average of 260,000 applications.
Durable goods orders surprisingly continued to fall in October due to a weakness in the transport sector. The US real estate market continues to trend towards strength. In October, new home sales rose 0.4 percent from the previous month, while analysts had expected stagnation. The consumer climate – as measured by the Uni-Michigan index – fell in November to its lowest level in ten years. US consumer spending and income rose faster-than-expected in October.
Among the individual values, the shares of the computer companies Dell and HP Inc were in view with their numbers presented the day before after the US market closed. Thanks to a strong demand for PCs, both of them earned splendidly. In the corona pandemic, Dell and HP continued to benefit from the trend towards home offices and an increased need for IT. Dell papers gained 5.3 percent, those from HP even rose by 10.7 percent.
The expectation of strong sales losses of the fashion chain Gap caused the shares to collapse by 23 percent. Due to global problems in the supply chain and significantly increasing freight costs, Gap warned of weaker Christmas business. In the current year, the company could lose up to $ 650 million in revenue. Gap has therefore significantly reduced its annual targets.
Tesla boss Elon Musk sold further papers of the electric car maker for about 1.05 billion US dollars, according to mandatory reports to the US stock exchange regulator. This means that Musk has already sold Tesla shares worth around $ 10 billion since he agreed to sell ten percent of his stake two and a half weeks ago in the course of a Twitter vote. Tesla titles recently rose 0.5 percent./edh/he
(AWP)
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