Börse Express – New York shares: Wall Street investors unsettled by cyber attacks

NEW YORK (dpa-AFX) – After the clear losses of the previous day, investors on the US stock exchanges remain tense due to the geopolitical tensions in Eastern Europe. An early recovery was quickly ended on Wednesday as reports of cyberattacks targeting Ukrainian ministries circulated. After an early rise of up to 0.7 percent, the Dow Jones Industrial stood
after two hours 0.60 percent lower at 33,394.75 points.

At the beginning, according to statements by Russian President Vladimir Putin, there was still vague hope that a search for diplomatic solutions was conceivable. However, investors were quickly unsettled again by a report that government and bank websites in Ukraine had again been attacked by hackers. The sanctions with which Western countries reacted to Russia’s latest steps are also a point of contention. US President Joe Biden announced new measures.

Further discussions about possible solutions are also difficult. A planned meeting with his Russian colleague Sergey Lavrov was canceled by US Secretary of State Antony Blinken and the White House is not planning a personal summit between Biden and Putin for the time being. The United States continues to expect a large-scale attack by Russia on neighboring Ukraine.

Against this background, investors quickly got cold feet again after the positive start, also on the broad US market. After turning negative, the S&P 500 widened its losses with 4268.87 points to 0.83 percent last. The tech-heavy Nasdaq 100 even dropped by 1.26 percent to 13,696.07 points.

From an industry perspective, oil stocks were particularly in demand again on Wednesday, which, as is so often the case, was due to the development of oil prices. Declining at times, they recently picked up again due to reports of cyber attacks. chevrons were once again a beneficiary at the top of the Dow with an increase of 2.5 percent. Also ExxonMobil and ConocoPhillips
were up in the broader market.

Otherwise, the eyes were directed to the retail sector with further figures. The home improvement chain Lowe’s
surpassed Wall Street sales expectations and raised this year’s outlook – delighting its investors as well, with shares up 2.6 percent. With TJX Companies
However, another retail chain group did not receive any positive feedback for its quarterly report, with the shares falling by 4.2 percent.

Tesla’s papers were placed on the Nasdaq continued its recent downward trend. After a brief excursion below $800 in late January, they have now traded even further below that level. At its lowest level since October, the minus for the electric car manufacturer was 4.5 percent.

Among small caps, biopharmaceutical company Kodiak Sciences made the difference negative headlines with a price drop of 80 percent. A study of a drug used to treat age-related macular degeneration failed to meet a primary endpoint. Analyst Anita Dushyanth from Berenberg Bank was disappointed after encouraging results in a previous study phase./tih/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0387 2022-02-23/20:17

Copyright dpa-AFX business news GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.

–