After the sharp setback in the middle of the week, events on Wall Street should calm down again on Thursday. The leading Dow index fluctuated in pre-trading hours around the closing price from the previous day, when it had lost a good two percent and fell to its lowest level since the beginning of the month. Most recently, the broker IG estimated the Dow 0.08 percent lower to 30,280 points.
The quarterly reports of some heavyweights are likely to determine stock market trading. Tesla shares suffered in pre-trading on the Nasdaq
just under five percent. The statements of the manufacturer of electric cars about the deliveries this year are “vague”, complained analyst Brian Johnson of the Barclays Bank. Here the market has been waiting for more precise forecasts.
After the quarterly figures from the previous evening, Apple fell in pre-market trading by three percent. In view of a historically high valuation of the shares of the iPhone manufacturer, the upside potential is now exhausted, judged David Vogt of UBS. The papers from Facebook stepped on the spot before the trade fair, here the quarterly figures failed as a driver.
American Airlines posted a smaller loss in the final quarter than had been expected by the market. The price then shot up by almost 50 percent to its highest level since the start of the Corona crash almost a year ago. The airline JetBlue was cautiously optimistic for the rest of the year. The price of the share went up by more than eight percent.
With McDonald’s and the tobacco company Altria
other heavyweights published their quarterly reports on Thursday. However, these were unable to provide any stronger impetus to share prices in pre-trading.
In contrast, there is no stopping the papers of the computer game retailer Gamestop , they shot up another 30 percent to a record high. The day before, the rate had more than doubled. For days, the shares have been exposed to the test of strength between so-called short speculators, who bet on falling prices, and their opponents. The latter could therefore continue to sit on the longer lever./bek/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0273 2021-01-28 / 14:35
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