NEW YORK (dpa-AFX) – Investors on Wall Street have put on hold after the losses at the beginning of the week. The main stock indices barely moved on Tuesday. Investors are already turning their attention to the imminent start of the companies’ reporting season. In the coming days, major banks in particular will present fresh quarterly figures.
Der Dow Jones Industrial
Investors are torn between the prospect of rising corporate earnings in the wake of the macroeconomic recovery and inflation concerns on the other hand. The focus at the moment is particularly on oil prices, which are still quoting above 80 US dollars per barrel and thus close to multi-year highs. However, their recent strong increase has recently weakened again somewhat.
On both sides of the Atlantic, there are fears that the oil price rally could lead to energy bottlenecks and stifle the global economic recovery from the corona pandemic. Apart from that, China is also being looked at, because the world’s second largest economy has been taking stricter regulatory measures for some time, controls monopolies more closely and is probably expanding its reviews of the financial and banking system.
Nike stocks rose in the Dow
The automaker General Motors (GM)
American Airlines
ISIN US2605661048 US6311011026 US78378X1072
AXC0292 2021-10-12/19:52
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
– .