Stocks New York Outlook: Investors are getting their appetite again – just not for techs | 03/26/21

NEW YORK (dpa-AFX) – After the recent price gains on Wall Street, investors should at least once again add to the standard stocks on Friday. The US tech stocks are likely to continue their weak phase with further discounts.

The broker IG valued the Dow Jones Industrial (Dow Jones 30 Industrial) around half an hour before the start of trading, 0.41 percent higher at 32,753 points. The day before, after strong fluctuations in the course of trading, the US benchmark index finally closed firmly on clearly positive territory.

This was tantamount to a trend reversal, because the stock marketers had recently struggled with the high prices reached in the meantime and the record in the Dow last week. Above all, the US technology exchange Nasdaq had to put up with some significant losses in the past few days. This is now expected to continue on Friday: At the start of the last trading day of the week, the NASDAQ 100 selection index was last expected at a discount of 0.53 percent to around 12,713 points.

Investors on Friday justified the rising risk appetite of investors, especially for the standard stocks, with the recent better-than-expected US economic data, among other things. In addition, there are statements from US President Joe Biden, who had doubled the vaccination target for his campaign the day before. Instead of 100, 200 million doses are now to be injected in the first 100 days of his term of office. The fact that this is well received by market participants is primarily due to their hope of a quick return to a pandemic-free and recovering economy.

While sentiment data are still pending on the US economic agenda in the course of the year, it is also fitting that the US Federal Reserve announced the end of the corona-related dividend restriction to the banks at the end of June. Among the individual values, the shares of the financial houses should therefore be kept in mind before the weekend.

Some oil stocks have already been strengthened in the pre-trading period. The ongoing blockade of the Suez Canal after the wreck of a freighter recently caused oil prices to rise. Despite ongoing efforts by tugs and other equipment, there is still no progress in the salvage work. The Japanese owner hopes to get the freighter free this weekend.

The papers of the tobacco company Altria could also get moving after a positive analyst study: The Jefferies experts upgraded the paper to buy. Before the trading day, the Altria price went up by more than one percent./tav/fba

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