Börse Express – New York Stocks: Dow stable

NEW YORK (dpa-AFX) – On Tuesday, too, the US stock markets presented themselves inconsistently in the course of trading. While the standard values ​​on Wall Street trended friendly, the technology exchange Nasdaq continued its correction path after the latest record rally. In the meantime, the market feared that monetary policy stimuli would be withdrawn more quickly than previously expected, it said.

Der Dow Jones Industrial last listed 0.30 percent higher at 35,724.47 points. For the market-wide S&P 500
it went down by 0.26 percent to 4670.72 points. The Nasdaq 100 fell 1.18 percent to 16,187.32 points.

Stock marketers viewed positively that US President Joe Biden ordered the release of 50 million barrels of crude oil from the strategic reserve because of the rapid rise in energy prices. According to the information from the President’s Office, it is a coordinated action with countries such as China, India, Japan, South Korea and Great Britain.

The stocks of the video conferencing service Zoom were among the individual stocks with a price slump of almost 18 percent in the investor focus and are thus heading for the largest daily loss since the IPO in April 2019. In the past three months, the price has collapsed by more than 40 percent. After the boom in the corona pandemic, business is no longer flourishing as strongly. In the three months to the end of October, sales rose by 35 percent. In the previous quarter the increase was 54 percent, in the previous quarter it was 191 percent.

Best Buy papers collapsed by a good 13 percent despite a strong third quarter and slightly increased annual targets for the retail chain. The shares of the consumer electronics company had only reached a record high the day before at just under 142 US dollars.

After strong profits on Monday, the quarterly report for the papers of the fashion company Abercrombie & Fitch was presented down by more than 14 percent./edh/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0349 2021-11-23/20:14

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