New York equities outlook: expected mixed without major jumps

NEW YORK (dpa-AFX) – The US stock markets are likely to move little at the opening on Tuesday and are not likely to take a clear direction. While the majority of the standard values ​​on Wall Street are likely to decline slightly, the Nasdaq technology exchange is expected to generate mostly moderate gains. Price data from the USA caused hardly any pre-market reactions.

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The broker IG assessed the Dow Jones around an hour before the start of trading, 0.15 percent lower at 36,376 points. The day before, the leading index had reached another record high and went out of trading around 0.3 percent higher. The tech-heavy Nasdaq 100 was recently expected with an increase of around 0.3 percent.

In the USA, producer prices remain at a high level. In October, producer prices rose by 8.6 percent compared to the same month last year. Analysts had expected it. Since the start of the calculations in 2010, there has been no higher increase.

General Electric stocks are likely to be among the individual stocks cause a sensation. Splitting plans of the industrial group let the papers in the pre-market trading by up to 17 percent upwards. Most recently, they were still just under 6 percent up. The management plans to split GE into three listed companies in the coming years: GE Aviation, GE Healthcare and a group that includes, among other things, the renewable energies, energy and digitization businesses.

The Biontech papers gained 5.6 percent before the IPO. The corona vaccine manufacturer generated a net profit of around 3.2 billion euros in the third quarter. A year ago there was a loss. Sales soared to just under 6.1 billion euros.

In contrast, the shares in Paypal sagged by more than 6 percent before the market. After the initial online shopping boom in the corona pandemic, business with the payment service is no longer quite as smooth. In the three months to the end of September, revenues climbed 13 percent and profits rose 6 percent. The numbers were below the analysts’ expectations. PayPal also lowered its annual targets ./edh/jha/

Source: dpa-AFX

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