Monday, March 11th, 2024 1:36 p.m. by dpa-AFX
NEW YORK (dpa-AFX) – Profit-taking on the US stock markets is likely to continue at the beginning of the week. Before the trading session, the leading indices were indexed with slight losses. On Tuesday, important inflation data is on the agenda with consumer prices in February. These could provide new information about the expected first interest rate cut by the US Federal Reserve. Investors are likely to initially act cautiously.
Around an hour before the official start of trading, the broker IG estimated the Dow Jones Industrial 0.4 percent lower to 38,570 points. The Nasdaq 100 technology index was 0.5 percent lower at 17,920 points.
Boeing shares fell 2 percent in premarket trading. At least 50 people have been injured in an incident on a flight between Sydney, Australia and the New Zealand city of Auckland. A “technical problem” caused severe turbulence on board the Boeing 787-9 Dreamliner, Radio New Zealand reported. The plane was able to land in Auckland as planned.
New record highs for cryptocurrencies are also likely to drive the shares of the companies involved in them. The price of Bitcoin passed the $72,000 mark for the first time on Monday. In stock trading on the Nasdaq stock exchange, Marathon Digital’s shares then rose by 5 percent. Shares of cryptocurrency financial services provider Sofi Technologies rose 1.6 percent.
The software and hardware manufacturer Oracle has its books looked at after the final bell. Before the trading session, the shares were slightly up./bek/stw
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2024-03-11 12:36:00
#York #Stocks #Outlook #Slight #profittaking #sight #ARIVA.DE #financial #news
