NEW YORK (dpa-AFX) – Wall Street is showing signs of a weak opening on Thursday after disappointing US inflation data. About half an hour before the official start of trading on Wednesday, the IG broker has priced the Dow Jones Industrial down 1.0 percent to 29,921 points. The Nasdaq 100 Technology Index the last time a decline of about 2.9% was expected.
High inflation in the US tends to decline, but only slightly. Compared to the same month last year, consumer prices increased by 8.2% in September. Analysts had expected an average rate of 8.1%. Core inflation, which excludes the volatility of energy and food prices, actually rose from 6.3 to 6.6 per cent. This rate was also above market expectations. The high price hike indicates further strong interest rate hikes by the US Federal Reserve, which has already significantly raised its benchmark rate this year. With this course, you prepare yourself against high inflation.
The situation on the US labor market has slightly clouded over the past week. The number of early unemployment insurance claims increased from 9,000 to 228,000. It is the second consecutive increase. Analysts expected an average of only 225,000 questions.
Walgreens Boots Alliance shares reacted to the announcement of the fourth commercial quarter data with a 0.8% increase in the pre-market price. The pharmacy chain reported a drop of about 32% in adjusted earnings per share from continuing operations. This was slightly more than analysts expected on average. Sales also remained just above the average expert estimate.
Delta Air Lines documents up 1.0% in the pre-market. A resumption of international travel and the related significant recovery in ticket demand have given the airline the best-selling summer in its history. For the fourth quarter, Delta expects earnings to exceed previous analysts’ expectations. / edh / stw
ISIN US2605661048 XC0009694271 US6311011026 US78378X1072
AXC0249 2022-10-13 / 15: 05
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