On Wall Street, things could go up moderately on Tuesday after the mixed week start. The broker IG assessed the Dow Jones Industrial half an hour before the start, 0.23 percent higher to 31,034 points. From the members of the Wall Street price barometer, some quarterly reports came with a rather mixed conclusion, which the investors drew.
According to the market observer Andreas Lipkow from the Comdirect, there are signs that the record mood of investors active in New York will be maintained. For the Dow, a new record with a positive start would still be a certain task, it beckons the leading index about one percent higher at 31,272 points. For the S&P 500
if a record is more like a formality, it would only have to increase by around six points. On the Nasdaq 100
80 points are required.
Lipkow found it slightly beneficial that the International Monetary Fund (IMF) raised its forecast for the outlook for the world economy this year by 0.3 percentage points to 5.5 percent. In addition to the positive effect of the vaccination campaigns, the IMF also expects further economic stimuli in some of the larger industrialized countries.
On Tuesday, the US companies’ reporting season got underway with numerous Dow stocks. The votes regarding the performance in the fourth quarter were mostly positive. However, there was still light and shadow as far as the price reactions were concerned: two index members appeared on the positive side, two more on the negative side.
Papers from conglomerate 3M and the chemical and pharmaceutical company Johnson & Johnson rose pre-market due to expectations being exceeded in the fourth quarter by at least 1.5 percent. The shares of the telecommunications company Verizon
on the other hand, after the quarterly figures fell by two percent and those from the credit card provider American Express even by 2.2 percent.
There was more movement with the former Dow veteran General Electric
. The actual quarterly figures were seen here as a disappointment. Positive reactions, which led to a price jump of more than ten percent before the trading session, were due to a better than expected outlook on the inflow of funds. This was seen by investors as a signal that the turnaround in business is gaining momentum./tih/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0243 2021-01-26 / 15:07
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