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NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 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 significant losses fell by 0.58 percent to 29,777.01 points. On Monday he had trumped his previous high, which was just a week old, but failed to break the round mark of 30,000 points.
The market-wide S&P 500 went down 0.35 percent on Tuesday to 3614.25 points. In contrast, the technology-heavy NASDAQ 100, which lagged behind the other indices the day before, held up better this time with an increase of 0.01 percent to 12 014.55 points.
In the individual values, Tesla stood out with a price jump of nine 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 S&P 500 from December 21st.
The shares of Amazon gained only 0.7 percent after the online retailer announced that customers in the United States could in future order prescription drugs via the new service “Amazon Pharmacy”. The price swings at the large US drugstore and pharmacy chains were all the more violent, and their businesses could suffer as a result. For example, the Walgreens (Walgreens Boots Alliance) Boots Alliance fell nearly nine percent at the end of the Dow, and CVS Health lost a similarly significant amount. Rite Aid shares even dropped almost 16 percent.
News from the retail industry was received very differently by investors. The shares of Home Depot lost around 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 with the supermarket chain Walmart: after the shares had risen to a record high the previous day, they now fell by over half a percent despite surprisingly good numbers. In contrast, investors rewarded Kohl’s figures with a price gain of almost ten percent. At Costco Wholesales, the announced special dividend resulted in a price increase of more than one percent.
The shares of T-Mobile US (T-Mobile (ex T-Mobile US)) rose 0.3 percent. According to a statement to the SEC 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 in the past quarter ./gl/he
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