Home » News » ROUNDUP / Aktien New York Conclusion: Dow hardly changed – Affirm IPO enthusiastic

ROUNDUP / Aktien New York Conclusion: Dow hardly changed – Affirm IPO enthusiastic

NEW YORK (dpa-AFX) – The US leading index Dow Jones Industrial closed almost unchanged on Wednesday. While it was unable to hold its profits in the course of trading, the three other major US indices rose. After the new records last week, however, the air has become thinner, especially since the reporting season starts on Friday with the first US banks. In the middle of the week, investors focused on the tech industry, above all Intel and Affirm’s breathtaking IPO.

The Dow ended the day down 0.03 percent to 31,060.47 points. The market-wide S&P 500, meanwhile, advanced 0.23 percent to 3809.84 points. The tech-heavy Nasdaq 100 continued to build on its early gains, climbing 0.63 percent to 12,973.63 points.

The moderate boost could have been triggered by a circular from the Bloomberg news agency: As a person familiar with the matter said, according to her, the high-ranking Democrat and future Senate majority leader Chuck Schumer has urged President-elect Joe Biden to more than 1.3 trillion in a first round US dollars in corona aid.

However, the inflation data, which rose slightly more than expected in December compared to the same month last year, did not provide any particular impetus. The Fed’s inflation target of around two percent is still undercut. “Behind the scenes, the monetary authorities should be happy about the lack of significant inflationary pressure,” said economist Thomas Gitzel from VP Bank. Should inflation rates rise significantly, the Fed or the ECB would have to take countermeasures and possibly cut their securities purchase programs. “At the same time, the financial markets would start betting on higher interest rates, which would be poison for current financial market events.”

Looking at individual stocks, the focus of the top dogs in the market was on Intel shares. They gained around 7 percent at the top in the Dow and Nasdaq 100. The chip company, which has recently come under increasing pressure, will have a new boss in mid-February. The experienced tech manager Pat Gelsinger is supposed to take over the top job from Bob Swan (60). Gelsinger most recently managed the software specialist VMWare. Prior to that, he had spent decades at Intel, including as chief technology officer. VMWare shares fell 6.8 percent on Nyse. The papers of the parent company Dell fell by 7.2 percent.

In addition, an IPO on the Nasdaq technology exchange attracted enormous attention: Affirm Holdings temporarily rose to $ 103 on their first day on the stock exchange and then went out of trading at $ 97.24. The paper from the provider of installment payments for online shoppers had been issued the day before for 49 euros. The first rate was $ 90.90.

General Motors (GM) rose 1.9 percent in the S&P 500. The car company plans to invest around 27 billion US dollars in research, development and production of electric cars by 2025 and will bring a total of 30 different electric models onto the market by then.

Zoom’s paper grew 2.2 percent after initial losses. The video conferencing service got $ 1.75 billion through a share offering. In the next 30 days, Zoom can buy another 735,000 shares if the syndicate bank uses this option.

ExxonMobil gained 1.1 percent and benefited from the fact that the US bank JPMorgan upgraded the shares of the oil company from “neutral” to “overweight”.

The euro was priced at $ 1.2156 at close of trading on Wall Street, after having dropped to $ 1.2139 at times. The ECB had set the reference rate in Frankfurt trading at 1.2166 (Tuesday: 1.2161) dollars, which then cost 0.8220 (0.8223) euros.

The futures contract for ten-year US Treasuries (T-Note Future) rose 0.26 percent to 136.76 points. The return was 1.09 percent. “Should it fall below one percent again, this would suggest that investors are much more relaxed about the Democrats’ plans to stimulate the economy,” said stock market expert Craig Erlam from broker Oanda Europe. That, in turn, could re-energize equity markets, which are currently being held in check by the prospect of premature monetary tightening. The day before, the return was 1.18 percent, the highest level since March 2020./ck/he


By Claudia Müller, dpa-AFX

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