NEW YORK (dpa-AFX) – Wall Street also had a hard time on Tuesday after the weak start to the week. Given the approaching reporting season for US companies and already high valuations, investors apparently did not want to position themselves too clearly. The hope for billions in economic aid from the designated US President Joe Biden and a further relaxed monetary policy of the central bank is offset by the ongoing corona pandemic.
The leading index Dow Jones Industrial retired 0.19 percent higher at 31 068.69 points. For the market-wide S&P 500 it went up by 0.04 percent to 3801.19 points. The technology index Nasdaq 100, which was shaken the day before, fell by 0.08 percent to 12,892.09 points.
Among the individual values, Tesla stood out with a plus of 4.7 percent on one of the top Nasdaq 100 places. The shares of the electric car manufacturer largely made up for yesterday’s setback and approached the previous record high again.
At Goldman Sachs, thanks to a price gain of 2.9 percent, it was already enough for another record. The stocks, like the stocks of other banks, benefited from the sell-off in US government bonds with long maturities. The resulting increasing spread between short-term and long-term interest rates benefits the lending business of the financial institutions.
Uber shares rose by over seven percent and were thus also more expensive than ever before, although Softbank’s Vision Fund had announced that it had sold shares in the driver service broker worth around two billion US dollars. According to a filing with the Securities and Exchange Commission (SEC), Softbank still holds around 184 million Uber papers, which are worth almost eleven billion dollars at the current price.
At Zoom, it was enough for a price increase of more than five and a half percent despite the announced capital increase. The video conferencing service plans to replenish its coffers with a stock placement worth at least $ 1.5 billion. The timing is not particularly good for Zoom: The share price is currently around 40 percent below its high in mid-October.
Meanwhile, Walmart entered into a partnership with the financial investor Ribbit Capital to found a fintech startup. The trading group’s share certificates rose by over one percent.
The euro stabilized again after a three-day series of losses and last cost 1.2204 US dollars in New York. The European Central Bank (ECB) had set the reference rate at 1.2161 (Monday: 1.2163) dollars and the dollar cost 0.8223 (0.8222) euros.
After a weak start, US government bonds turned positive: The futures contract for ten-year Treasuries (T-Note Future) rose by 0.07 percent to 136.40 points. The yield on the ten-year bond fell accordingly to 1.14 percent./gl/he
By Gerold Löhle, dpa-AFX
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