NEW YORK (awp international) – The relief on Wall Street at signs of easing in the conflict over Ukraine evaporated again on Wednesday. According to NATO findings, Russia is continuing its troop deployment in the border area with Ukraine, contrary to other announcements. The US government also sees no signs of an end to the Russian troop deployment on the border with Ukraine. The Dow Jones Industrial fell 0.49 percent to 34,816 points in early trading.
In addition to the conflict over Ukraine, the focus is on the minutes of the last meeting of the US Federal Reserve – and with it investors’ fears of rapidly rising key interest rates. It is published two hours before the close of trading. The fact that prices for imported goods in the USA rose by almost eleven percent in January fits in with the picture of unchanged high inflation. Analysts, on the other hand, had expected a smaller plus.
The market-wide S&P 500 fell by 0.65 percent to 4442 points. The technology-heavy Nasdaq 100 fell more sharply by 1.25 percent to 14,438 points.
Kraft Heinz shares topped the S&P 500 index with a five percent premium. The food maker more than offset rising costs with higher prices for its products in the fourth quarter.
On the other hand, the shares of ViacomCBS experienced a course disaster, they collapsed by more than 20 percent. The media group has recently grown strongly in the streaming business. However, the investments for this growth are depressing the results.
Semiconductor manufacturer Analog Devices reported a decline in earnings for the fiscal first quarter, but still performed better than expected. The price advanced 1.3 percent.
The apartment broker Airbnb posted strong business growth at the end of the year despite the burden of the rampant coronavirus variant Omikron. This caused the price to rise by a good two percent./bek/he
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