For the market-wide S&P 500, it fell 0.16 percent to 4680.95 points. The technology-heavy Nasdaq 100 gained 0.26 percent to 16 351.11 points.
Cisco disappointed its shareholders with a muted business outlook. Supply chain problems and high costs due to a lack of components such as computer chips are troublesome for the network equipment manufacturer like many other companies. The shares plummeted by more than eight percent and were clearly the bottom of the Dow.
The papers of Nvidia, however, soared to a record high and recently rose by a good eight percent at the top of the Nasdaq 100. The high demand for his chips for data centers and computer games ensured strong growth. In addition, the sales forecast for the current quarter was surprisingly high.
The Chinese internet giant Alibaba missed expectations with its quarterly figures and also lowered its sales forecast for the current financial year due to more competition and corona uncertainties. This was confirmed by the shares listed in New York with a minus of around eleven percent.
Macy’s shares made a jump of 14 percent. After heavy losses at the beginning of the corona pandemic, business at the traditional department store chain is running smoothly again. The retailer Kohl’s also knew how to convince investors with its business development and a higher outlook, as the price increase of almost six percent showed./la/he
(AWP)
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