Börse Express – New York stocks: Disney pushes Dow Jones into the red

NEW YORK (dpa-AFX) – A slump in the price of Walt Disney shares after disappointing business figures has the US leading index Dow Jones Industrial pulled into the red on Thursday. The Disney papers sagged nearly 9 percent. Especially in the important streaming business with big names like Netflix
and Amazon rivals, things went worse than investors had hoped. The Dow Jones fell 0.16 percent to 36,021.23 points in early trading.

It looked better on the broad market. The S&P 500 rose by 0.31 percent to 4660.98 points. Tech stocks that had suffered from worries about inflation the day before were also in demand. Because: Should the US Federal Reserve have to tighten its monetary policy faster than expected in view of the high inflation, this would probably weigh on the high valuations of many tech companies in particular. The technology-heavy Nasdaq 100 recovered on Thursday but first by 0.71 percent to 16 098.70 points./mis/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0393 2021-11-11/16:07

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