The US stock markets were relatively sluggish in trading on Thursday. Increasing tensions between the US and China as well as rising coronavirus infections in some countries caused risk aversion among investors, it said. Fresh US economic data had little impact on the stock markets.
Der Dow Jones Industrial last traded 0.13 percent lower at 26,084.59 points. The broader S&P 500
increased by 0.05 percent to 3115.20 points. The tech-heavy Nasdaq 100 gained 0.19 percent on 10,001.72 points.
The economic outlook in the USA has brightened somewhat. The composite index of leading economic indicators rose more strongly than expected in May. In addition, the business climate in the US Philadelphia region recovered much more strongly than forecast from the slump in the Corona crisis. In contrast, the pandemic is continuing to affect the US labor market. In the week ending June 13, the number of initial jobless claims fell by 58,000 compared to the previous week. Analysts had expected a stronger decline.
Among the individual values were the papers of the cruise line Carnival Corp, which was badly hit by the virus crisis
with a loss of 2.0 percent in investor focus. The Aida parent company posted a net loss of $ 4.4 billion in the second quarter. A year ago Carnival had made $ 451 million. Sales fell from $ 4.8 billion to $ 700 million. This missed the already low market expectations.
Biogen’s shares plunged nearly 7 percent after a court in West Virginia invalidated the patent for Biogen’s bestseller Tecfidera against multiple sclerosis due to a lack of written description. The biotech company had generated 3.3 billion US dollars with Tecfidera in the USA alone last year.
The one for the Bonn telecommunications group owned US cellular operator T-Mobile US will have a new Chief Financial Officer from July 1st. Peter Osvaldik succeeds Braxton Carter, who has been with the group for around 19 years and is now retiring. The shares rose 3.6 percent./edh/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0442 2020-06-18/20:03
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