Börse Express – New York Stocks Outlook: Dow is catching up

NEW YORK (dpa-AFX) – The Dow Jones Industrial is likely to be on the New York stock market to make up for part of its losses from the beginning of the week on Tuesday. Broker IG estimated the leading index just under an hour and a half before the opening, 0.24 percent up to 34,365 points.

With the exception of the Dow, the most important US stock indices had continued their record run the day before. The tech-heavy Nasdaq 100 is likely to remain close to the record on Tuesday, but hardly any changes are expected at the opening.

The focus is on economic data, for example from the housing market half an hour before the stock market launch and consumer confidence half an hour after the opening. Investors are also observing the ever faster spread of the Corona variant Delta in more and more countries.

On the corporate side, the focus is on the banking sector, because the leading Wall Street banks want to distribute more money to shareholders after having passed the stress test, as expected. Morgan Stanley
about wants to double the quarterly dividend to 70 US cents and use up to twelve billion dollars for share buybacks. The papers rose by more than three percent in the pre-market period.

Goldman Sachs also wants to increase the dividend vigorously. Goldman shares gained nearly one and a half percent pre-IPO. Only Citigroup wants the big institutes
do not change their previous plans for the time being. The papers lost almost one percent in pre-market trading./ajx/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0212 2021-06-29/14:28

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