Home » News » Börse Express – ROUNDUP/Aktien New York: Investors continue to cash in

Börse Express – ROUNDUP/Aktien New York: Investors continue to cash in

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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
recently fell by 0.70 percent to 33,063.25 points. The market-wide S&P 500 lost 0.79 percent to 3897.81 points and the tech-heavy Nasdaq 100
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
down 3.1 percent. The aluminum maker reported a net loss and announced that year-to-date sales are expected to fall short of original plans amid uncertainties surrounding global inflation, slowing demand from Europe and the weak economic outlook in China.

The consumer goods company Procter & Gamble was also unable to convince investors with its interim report on the past quarter, as the price drop of 1.8 percent shows. For fiscal year 2022/23, the company raised the lower end of its revenue target range. In terms of earnings per share, management continues to assume that the lower end of the forecast range will be reached.

At the electric car manufacturer Tesla After the minus on the previous day, investors had to accept a further price loss of 1.0 percent. In the trial of investor fraud allegations against company boss Elon Musk, a lawyer for the tech billionaire admitted incorrect information in Musk’s momentous tweets in the summer of 2018. However, this was just an unfortunate choice of words under time pressure and not an attempt at fraud, he emphasized.

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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