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ROUNDUP / New York equities: losses – tech indices now in the red after records


NEW YORK (dpa-AFX) – At the start of a week full of company reports, investors on Wall Street last shied away from risks on Monday. The standard stocks in particular came under pressure after cyclical stocks in particular had recently performed well. The two most important technology indices had performed strongly in early trading and reached record highs before turning negative.

The leading index Dow Jones Industrial recently fell 1.10 percent to 30,657.56 points. With the S&P 500 it was down 0.68 percent to 3815.20 points. The corona crisis, which remains like a sword of Damocles over the stock markets, continues to dampen sentiment.

Among the technology indices, the Nasdaq 100 was down 0.37 percent to 13,493.10 points. The market-wide Nasdaq Composite fell 0.25 percent.

The shares of Apple cracked the round mark of 140 US dollars for the first time and were most recently 1 percent up. The iPhone manufacturer will not present its figures until Wednesday after the market closes, but investors and experts are apparently already positioning themselves optimistically. It was considered helpful that the experts from the analysis house Wedbush believe that the papers with a target of 175 dollars have a lot of unbeaten potential.

At the computer game dealer Gamestop, the latest price spectacle is currently going on unchecked. The shares soared by 46 percent after they had increased by more than half last Friday. For fear of an imbalance, they were still at a record low in the summer of 2020, but for a few days they have been unable to stop with a sudden record level at a good 159 dollars. In the market, this is justified by the fact that investors who previously bet on falling prices must now buy on a large scale./la/he

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