NEW YORK (dpa-AFX) – After the recent losses, the most important US indices remain in difficult waters on Friday. Especially after surprisingly high inflation data recently, investors are nervous ahead of the US Federal Reserve’s interest rate decision next Wednesday. It is firmly predicted that the Fed will raise the benchmark interest rate again by 0.75 percentage points, but a whole point is also fluctuating.
I’m Dow Jones Industrial before the weekend there are signs of a new low from mid-July. Broker IG valued the major US index an hour and a half before trading began, down 0.7% to 30,738 points.
Tech stocks that are particularly sensitive to interest rates find themselves in a more difficult position: the Nasdaq 100 selection index IG expects it to be nearly 1% lower at 11,815 points. For the Dow, this would mean a weekly loss of around 4.5 percent, for the Nasdaq 100 as much as 6 percent.
Investors in Europe were particularly concerned about Fedex’s profit warning . JPMorgan analyst Brian Ossenbeck saw the local competitor’s results and near-term outlook still well below expectations, despite his already prevailing skepticism. He therefore promptly downgraded newspapers to “neutral”. According to the expert, the absence of a “wave of cargo” after the reopening of China after Corona first hit the main air cargo supplier in the Asia-Pacific region. Positive special effects on fuels would have even covered the real weakness of the operating business. Without the positive special factors, the express business may even have lost money in the end.
FedEx stocks fell pre-market up to 21%. Ken Hoexter of Bank of America also he renounced his recommendation. He spoke of a drop in volumes at the end of the quarter: the headwind to the economy was stronger than expected.
For Uber documents meanwhile, it has sometimes dropped by 9.5%. The transport provider has probably become the victim of a hacker attack. According to a New York Times report, many internal systems were affected by the cyber attack. The company reported a “cybersecurity incident” on Twitter on Friday. Uber will investigate the incident and have contacted law enforcement.
Tesla too has given way a little. The US electric car maker continues to rely on battery manufacturing in Germany, but due to the prospect of tax incentives, it is prioritizing the US.
ISIN US2605661048 XC0009694271 US6311011026 US78378X1072
AXC0178 2022-09-16 / 14: 22
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