NEW YORK (dpa-AFX) – The Dow Jones Industrial paid tribute to its most recent record hunt on Tuesday. Analyst Craig Erlam from broker Oanda saw the reason in particular that the number of corona infections is rising significantly worldwide. A series of mixed company news and economic data also weighed on the US benchmark index, which after initially more pronounced losses fell by 0.71 percent to 29,738.56 points. On Monday it exceeded its all-week high, but failed to break the round mark of 30,000 points.
For the market-wide S&P 500 it went down on Tuesday by 0.42 percent to 3611.62 points. In contrast, the technology-heavy Nasdaq 100, which lagged behind the other indices the day before, did better this time with a plus of 0.08 percent to 12,023.25 points.
In the individual values, Tesla stood out with a price jump of eight and a half percent, which earned the electric car manufacturer the top spot in the Nasdaq 100. The day before, the index provider S&P announced that the electric car manufacturer will be represented in the market-wide S&P 500 from December 21st.
The shares of Amazon did not even gain one percent after the online retailer announced that customers in the United States could order prescription drugs via the new Amazon Pharmacy service. The price fluctuations at the large US drugstore and pharmacy chains, whose businesses could suffer as a result, were all the more violent. Walgreens Boots Alliance stocks fell more than nine percent at the Dow end, and CVS Health stocks lost eight percent. Rite Aid shares even lost almost 15 percent.
News from the retail industry was received very differently by investors. Home Depot shares lost almost three percent despite better-than-expected results from the hardware store chain – but recently they were not too far below their record high marked at the end of August. A similar pattern emerged at the supermarket chain Walmart: After the shares had risen to a record high the previous day, they now hardly moved despite surprisingly good numbers. In contrast, investors rewarded Kohl’s figures with a price gain of almost six percent. At Costco Wholesales, the announced special dividend resulted in a price increase of almost two percent.
For the shares of T-Mobile US it was a good one and a half percent up. According to a statement to the Securities and Exchange Commission from the previous day, the investment company Berkshire Hathaway of star investor Warren Buffett stocked up on papers of the cell phone company worth around 276 million dollars in the past quarter./gl/he
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