Börse Express – New York Stocks: Big disappointment from IBM holds Dow back

NEW YORK (dpa-AFX) – After the record high of the Dow Jones Industrial
the most important US stock market barometer ran out of steam on Thursday. Disappointing quarterly figures from technology giant IBM put pressure on the mood that caused the share price to plummet. The Dow closed 0.02 percent lower to 35,603.08 points. The day before, the index had left its previous high of mid-August behind.

Rising capital market rates could also increasingly take their toll on the stock exchanges. The yield on the ten-year US Treasury futures contract rose to its highest level in five months on Thursday. When bond rates rise, stocks can become less attractive. In addition, refinancing can become more expensive for companies – and profitability can decrease as a result.

Unlike the Dow, the broad S&P reached 500
another record high. It closed 0.30 percent higher at 4549.78 points. The tech-heavy Nasdaq 100 increased even more at 0.66 percent to 15,489.59 points. Here Netflix made strong gains and Tesla
for push / be / he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0406 2021-10-21/22:15

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