New York Equities Outlook: Moderate profit-taking after records

NEW YORK (dpa-AFX) – After the predominantly positive start to the week with new records, investors on the US stock exchanges will have to be prepared for moderate profit-taking on Tuesday.

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The broker IG estimated the Nasdaq 100 three quarters of an hour before the start of trading 0.12 percent lower at 15,586 points. At the beginning of the week, the technology-heavy selection index, like the S&P 500, set a historic record. IG sees the leading index Dow Jones Industrial, which was already weak the day before, 0.14 percent in the red at 35 352 points.

On the corporate side, the focus was on the video conferencing service Zoom with its business figures. Although it generated quarterly sales of more than one billion dollars for the first time, it expects lower growth in the future. The shares therefore lost around 14 percent before the trading day.

In contrast, the shares in Netease listed in New York recovered thanks to good quarterly figures by over three percent. The previous day, the titles of the Chinese online company suffered from the fact that the Chinese leadership tightened the rules for young users of online games. / Gl / zb

Source: dpa-AFX

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