Home » News » Stocks New York Conclusion: Dow is treading on the spot – tech stocks firmer

Stocks New York Conclusion: Dow is treading on the spot – tech stocks firmer

The Dow Jones Industrial initially rose to another record high of 31,543 points, but soon crumbled and slipped into the red. In late trading, however, the leading index recovered and closed just 0.02 percent lower at 31,430.70 points. The market-wide S&P 500 ultimately gained 0.17 percent to 3916.38 points. The Nasdaq 100 rose 0.58 percent to 13,734.35 points.

In a first phone call between new US President Joe Biden and China’s party leader Xi Jinping, Biden criticized “Beijing’s forced and unfair economic practices, the repression in Hong Kong, human rights violations in Xinjiang and increasingly challenging actions in the region, including against Taiwan”. The news that the BBC World News broadcaster had been banned from China was also a burden.

Among the individual values, the shares of Pepsico fell on with a loss of 2.0 percent. The shower manufacturer reported on its business development in the past quarter. The shares of Kraft Heinz fared better, rising 4.9 percent. The ketchup company had exceeded expectations in the fourth quarter.

At the travel agent Uber, on the other hand, according to quarterly figures presented, it fell by 3.9 percent. The feedback from investors at the online games specialist Zynga was clearly better, with shares advancing 7.4 percent. After unexpectedly good figures from loudspeaker specialist Sonos, its shares jumped by almost 16 percent to a record high.

The shares of Bumble started brilliantly on the US technology exchange Nasdaq. The papers of the operator of the online dating platforms Bumble and Badoo ended at just under 70.31 US dollars, 63 percent above the issue price of 43 dollars.

In US trade, the euro roughly maintained its level from late European business and last cost 1.2132 US dollars. The European Central Bank (ECB) had set the reference rate at $ 1.2147. The dollar had thus cost 0.8233 euros. US Treasury bond prices are slipping. The futures contract for ten-year Treasuries (T-Note-Future) lost 0.12 percent to 136.82 points. In return, the yield on the ten-year bond rose to 1.17 percent./edh/he

(AWP)

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