Börse Express – Aktien New York: Investors take cover before the holiday weekend

NEW YORK (dpa-AFX) – In the middle of the week, the US stock markets presented themselves relatively lethargic. Investors were reluctant to take on new commitments as many US residents use the Thursday Thanksgiving holiday for a long weekend. Due to the public holiday, some economic data were brought forward, which had little influence on the exchange rates. The minutes of the latest Fed meeting, which have just been published, did not cause any turmoil either.

Der Dow Jones Industrial last traded 0.28 percent lower at 35,712.74 points. For the market-wide S&P 500
it went down by 0.07 percent to 4687.21 points. The Nasdaq 100 fell 0.08 percent to 16,292.97 points.

The US economy grew somewhat faster in the summer than previously known. The gross domestic product (GDP) rose in the third quarter compared to the previous quarter by an annualized 2.1 percent. The weekly initial jobless claims fell by 71,000 to 199,000, the lowest level since 1969. Analysts had expected an average of 260,000 applications.

Durable goods orders surprisingly continued to fall in October due to a weakness in the transport sector. The US real estate market continues to trend towards strength. In October, new home sales rose 0.4 percent from the previous month, while analysts had expected stagnation. The consumer climate – as measured by the Uni-Michigan index – fell in November to its lowest level in ten years. US consumer spending and income rose faster-than-expected in October.

Among the individual stocks were the stocks of the computer company Dell
und HP Inc with the numbers presented the day before after the US market closed. Thanks to a strong demand for PCs, both of them earned splendidly. In the corona pandemic, Dell and HP continued to benefit from the trend towards home offices and an increased need for IT. Dell papers gained 5.3 percent, those from HP even rose by 10.7 percent.

The expectation of strong sales losses for the fashion chain Gap
caused the shares to collapse by 23 percent. Due to global problems in the supply chain and significantly increasing freight costs, Gap warned of weaker Christmas business. In the current year, the company could lose up to $ 650 million in revenue. Gap has therefore significantly reduced its annual targets.

Tesla-Chef Elon Musk sold other papers of the electric car maker for about 1.05 billion US dollars, according to mandatory reports to the US Securities and Exchange Commission. This means that Musk has already sold Tesla shares worth around $ 10 billion since he agreed to sell ten percent of his stake two and a half weeks ago in the course of a Twitter vote. Tesla titles recently rose 0.5 percent./edh/he

 ISIN  US2605661048  US6311011026

AXC0410 2021-11-24 / 20: 19

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