Börse Express – New York shares Outlook: Refreshed start to the new quarter

NEW YORK (dpa-AFX) – After the weak previous day, Wall Street should start the new quarter recovered. Around an hour before the start of trading, broker IG appraised the Dow Jones Industrial
half a percent higher to 34 842 points. The Nasdaq 100 IG sees a similarly clear plus at 14,912 points.

Despite interim records, the Dow is down around 5.5 percent after the first three months of the new year and the market-wide S&P 500 with 5 percent. The technology selection index Nasdaq 100 is significantly worse
with a good 9 percent minus in 2022 in the race. The turnaround in interest rates initiated by the US Federal Reserve prompted many investors to part with their tech darlings. In March, all three indices made a significant recovery after interim lows – also thanks to the recovery of the US economy from the pandemic.

With 431,000 jobs outside of agriculture, fewer jobs were created last month than expected. Analysts had expected an average of 490,000 new jobs. However, the increase in employment in the two previous months was revised upwards by a total of 95,000 jobs. Helaba’s experts believe that the labor market in the USA is in good shape.

Papers from Gamestop shot up among the individual stocks
up more than 15 percent in premarket trading. The retail chain for computer games is planning a share split to make the share, which currently costs around 190 US dollars, more tradable again and thus more interesting for small investors. The year so far has been characterized by strong fluctuations: After the papers had almost halved by mid-March, they climbed back up a third over the course of the week.

In the hardware sector, the experts at Bank JPMorgan are relying on the investments of the telecom and cloud groups in a current study in the more difficult economic environment. They should prove particularly resilient when the economy slows. Therefore, the expert Samik Chatterjee put the papers of the outfitters Ciena and Arista on the “Analyst Focus List” of the investment bank. Apple
and Qualcomm meanwhile he took it down from the selection list.

According to Chatterjee, increasing consumer restraint will be reflected above all in the lower demand for TV sets, PCs, smartphones and cars. Both Apple and Qualcomm are in a better position than many of their competitors, he justified his continued positive rating with “Overweight”./ag/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0237 2022-04-01/14:53

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