Börse Express – New York Stocks Outlook: Moderate gains

NEW YORK (dpa-AFX) – Wall Street is likely to go back into forward gear on Thursday after the previous day’s losses. “Market participants are again looking at the full horn of company reports and quarterly figures,” commented market expert Andreas Lipkow from Comdirect. The stock market heavyweights should be Apple and Amazon who present their metrics after the close of trading attracts attention. “The signaling effect for the equity markets as a whole should not be underestimated,” said Lipkow.

The broker IG assessed the Dow Jones around three quarters of an hour before the start of trading with 0.2 percent plus at 35 563 points. The day before, the US benchmark index had posted a minus of 0.7 percent. The tech-heavy Nasdaq 100
was last expected on Thursday with an increase of around 0.5 percent.

Fresh quarterly figures from Apple will show whether the iPhone company can continue to get through the global chip bottlenecks, but only after the stock market closes. In the middle of the year, Apple had presented unusually strong figures – with sales and profits that are usually more common in the lucrative Christmas quarters. Apple traditionally has a well-organized supply chain and has so far navigated the bottlenecks without any noticeable problems. The Apple share rose before the market by 0.7 percent.

With the return of patients to the doctor’s office, business at Pharmamulti Merck & Co is flourishing meanwhile again. The third quarter went better for the US group than expected on the market. The Merck papers gained 1.6 percent in the pre-market period.

The construction and raw materials boom in many regions of the world as well as higher sales prices drove the US construction machinery manufacturer Caterpillar
in the past quarter. Sales rose by a quarter and operating profit by more than two thirds. Caterpillar exceeded the experts’ expectations. The shares rose by 1.5 percent before the IPO.

The second largest US automaker Ford Performed better than expected in the third quarter despite the global chip crisis and raised its profit targets. The share reacted before the trading day with a price jump of 9 percent.

The trading platform Ebay however, disappointed investors with its quarterly report. The share lost 4.3 percent in pre-market trading. Ebay increased sales by 11 percent in the third quarter. For the Christmas quarter, however, the group promised slower sales growth./edh/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0293 2021-10-28/15:10

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