NEW YORK (awp international) – The New York stock exchanges are paying a little tribute to their rapid recovery since the beginning of the week on Thursday. The Dow Jones Industrial fell 0.33 percent to 35,638.02 points in early trading. For the current week, however, there is still an increase of around three percent.
The technology-heavy Nasdaq 100 was on Thursday after its last particularly good run with 0.69 percent in the red at 16,280.49 points. So far, the tech values barometer has even gained 3.6 percent this week. The market-wide S&P 500 lost 0.48 percent on Thursday to 4678.43 meters.
The market said that investors continue to have concerns about the economic risks posed by the new Corona variant Omikron due to the measures required to contain it. This curbs the recently noticeable optimism that infections are likely to be mild and that booster vaccinations are apparently effective. “There is still too much to learn about this variant to be able to draw firm conclusions,” said expert Craig Erlam of broker Oanda.
With regard to individual stocks, there was little that was spectacular when it came to price movements. In the Dow, Apple’s shares fell half a percent. The iPhone company had succeeded at the last minute the day before in postponing a court ruling to relax the app store rules. Actually, app developers in the USA should be given the right to use links or buttons to refer to payment options outside of Apple’s platform for their applications.
The stocks of the ailing US video game retailer Gamestop made a negative impression – the stock that caused a sensation at the beginning of the year with price fluctuations triggered by privately organized investors. The papers lost almost six percent on Thursday. This time, however, the reasons were fundamental: they suffered primarily from a quarterly loss that was higher than expected.
In contrast, the papers of CVS Health were 4.1 percent more expensive. The retail group, which specializes in pharmaceutical products, plans to distribute more funds to its shareholders through higher dividends and share buybacks and at least achieve the upper end of its target ranges for the current year.
Some tech stocks that actually come from China were in demand on the Nasdaq. The shares of the e-commerce platform Pinduoduo, the search engine Baidu and the online trading platform JD.com rose between 1.5 and 2.7 percent. According to stock market investors, they followed the previously posted price gains on the stock exchanges in China and Hong Kong./tih/jha/
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