NEW YORK (dpa-AFX) – Investors on Wall Street can hope for further price gains on Wednesday after the strong previous day. The broker IG valued the Dow Jones Industrial (Dow Jones 30 Industrial) around half an hour before the start of trading 0.47 percent higher to 35,075 points and the NASDAQ 100 0.42 percent up to 14,270 points.
The day before, the leading US index and the technology-heavy selection index had gained a good one and a half and over two percent respectively thanks to positive economic data. After the start of the stock market, data on the housing market and the economic report from the US Federal Reserve (“Beige Book”) are still on the agenda.
The latest company figures were received very differently on the market. The streaming service Netflix shocked investors in the past quarter with the first decline in customer numbers in more than ten years, as the pre-market price drop of the share by almost 28 percent showed. In view of this development, Netflix also wants to crack down on users who share their access data and is working on a cheaper version with advertising.
Stocks from the industry also came under pressure after the Netflix news. The papers of the entertainment giant Walt Disney, which has its own streaming services, lost over four and a half percent. The titles of the audio streaming service Spotify went down by almost four percent.
In contrast, the price of shares in Procter & Gamble (ProcterGamble) rose moderately. The consumer goods group scored with strong quarterly figures and once again raised its target for organic sales growth in the current financial year.
The computer group IBM also exceeded expectations in the past three months, which caused the shares to rise by almost two and a half percent before the market. The group benefited from growth in the software and consulting business./gl/jha/
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