Börse Express – New York shares: Dow extends its lead

NEW YORK (dpa-AFX) – The US stock markets, which have recently been under strong pressure, made another attempt at recovery in the middle of the week. The situation on the markets continues to be shaped by the uncertainty surrounding the war in Ukraine. The news that Russia and Ukraine had signaled their willingness to continue negotiations on Thursday provided a positive impetus. In addition, the focus is on statements by US Federal Reserve Chairman Jerome Powell, who had signaled an interest rate hike for March.

Der Dow Jones Industrial expanded its initial gains in the course of trading and was last listed 2.06 percent higher at 33,980.08 points. The market-wide S&P 500 gained 2.10 percent to 4396.80 points. The tech-heavy select index Nasdaq 100 increased by 1.77 percent to 14254.12 points.

Negotiators from Russia and Ukraine want to meet for talks on a ceasefire for the second time since the war began. However, Russian attacks on Ukrainian cities continued on the seventh day of the war. The European Union and the US tightened sanctions against Russia and also imposed restrictions on Russian ally Belarus.

At the software manufacturer Salesforce a disappointing earnings outlook for the current quarter outweighed a surprisingly positive sales outlook. The shares of the SAP rival
rose a below-average 0.7 percent, making it one of the weakest Dow stocks.

that Ford turning its back on Russia because of the Ukraine war did not deter investors. The second-largest US automaker also announced that it would operate the business with battery-powered and networked vehicles in an independent division in the future. The Ford shares posted a price increase of 8.1 percent and were thus at the top of the S&P 100 index.

The iPhone manufacturer Apple suspended sales of its products in Russia because of the war. Exports to all trade channels in the country were stopped last week, it said. The Apple Pay payment service and other services have also been restricted. Apple stocks gained 2.2 percent.

Also the US aviation group Boeing stopped doing business with Russian airlines. The measure affects the supply of spare parts as well as maintenance and technical support, the group said. Boeing shares rose 2.0 percent./edh/

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0453 2022-03-02/20:04

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