NEW YORK (awp international) – The recovery in the US technology sector came to a premature end on Thursday. The Nasdaq 100 lost 1.51 percent to 15,665 points two hours before the market closed. The market-wide S&P 500 with its relatively high number of technology stocks fell by 0.63 percent to 4697 points.
The leading index, the Dow Jones Industrial, fared a little better, up 0.13 percent to 36,337.44 points, but there, too, two major tech stocks, Salesforce and Microsoft, were down by 2.9 and 2.7 percent, respectively.
US economic data from the USA showed light and shadow. Producer prices rose less than expected in December. The number of weekly initial jobless claims, on the other hand, rose while analysts had expected a decline on average.
Boeing continued its recent uptrend at the top of the Dow with a plus of three and a half percent. According to insiders, the 737 Max aircraft is about to return to the Chinese market.
An upbeat forecast from Taiwan Semiconductor (TSMC) boded well for US chipmaker shares. LAM Research, for example, gained 2.6 percent, Micron Technology 1.6 percent.
Despite foreseeable losses as a result of the spread of the Omicron variant, Delta Air Lines wants to be profitable again from March and generate a “significant profit” in 2022. The papers gained 3.3 percent. American Airlines and United Airlines grew by up to five and a half percent.
Shares in private equity firm TPG started their first trading day at $33, above the $29.50 issue price. At its peak, the price rose to $34.15. Most recently, investors paid just under $34. The IPO had a total volume of one billion dollars./ajx/he
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