NEW YORK (dpa-AFX) – Driven by renewed fears of recession, investors on the US stock markets also took profits on Thursday. The Dow Jones Industrial
lost 0.88 percent to 11,310.00 points.
US economic data initially had little impact on listings. According to the Philly Fed Index, business confidence in the US region of Philadelphia improved more than expected in January but still signaled a slowdown in economic activity. Meanwhile, the number of weekly initial jobless claims surprisingly fell again – analysts, however, had expected an increase. The US housing market continues to be weak: in December, both the number of new buildings started and the number of permits for new houses continued to fall.
Disappointing quarterly earnings weighed on Alcoa shares
The consumer goods company Procter & Gamble
At the electric car manufacturer Tesla
Charles Schwab’s stocks continued their slide from Wednesday, falling another 5.8 percent. Bank of America analysts had previously downgraded the shares by two notches from “buy” to “underperform”. The day before, the financial services provider had released quarterly figures that fell short of analysts’ average estimates. /edh/mis
ISIN US2605661048 US6311011026 US78378X1072
AXC0245 2023-01-19/16:52
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