Börse Express – ROUNDUP / New York stocks: Dow and S&P shy away from another record

NEW YORK (dpa-AFX) – Investors fickle the trade in US stocks on Monday. The Dow Jones Industrial
In the first few minutes it approached its record from last Friday with the exception of a few points, but afterwards they took it slower. After a temporary excursion into the red, the leading index recently rose by 0.04 percent to 35,691.87 points.

At the start of a week on the stock exchange, which is characterized by high-quality company reports, the other New York leading indices were also slightly more clearly positive. The tech-heavy Nasdaq 100
increased by 0.43 percent to 15,421.55 points. The market-wide S&P 500 gained 0.18 percent on 4553.07 points. He also avoided breaking his record on Friday.

The market said that at the beginning of the week, investors waited to see what the reporting season, which was running at full speed, had to offer in the coming days. Inflation worries also remained in the back of the mind before the next meeting of the US Federal Reserve, it said. However, the interest rate decision will not be on the agenda until next week.

In the coming days, the quarterly results of, among other things, General Electric , UPS ,
Alphabet , Coca Cola , McDonald’s
, Amazon , Apple and Exxonmobil expected.

Facebook’s key figures are already available this Monday after trading closes on the agenda – at a time when the market and regulators are scrutinizing the social media giant. There is also speculation surrounding the question of whether founder and boss Mark Zuckerberg will give the group a new name. The market said that the quarterly report could be a good occasion for this. The share fluctuated in the red, most recently the price fell by 0.2 percent.

Tesla, on the other hand, made a positive impression with a price jump of more than seven percent to a new record high. The driving force was that the US car rental company Hertz ordered 100,000 electric cars. The Bloomberg news agency had previously reported on it, citing a volume of around 4.2 billion US dollars. For comparison: Tesla delivered almost 630,000 vehicles in the first nine months of the year.

The recently heavily under pressure PayPal papers
also recovered 3.9 percent. To make things easier, the payment processor reported on takeover talks with Pinterest countered. One is currently not aiming to buy the photo platform, said PayPal. The Pinterest shares then plummeted by 13 percent.

In general, oil stocks were once again in demand in early trading, such as price gains of 1 percent in the Dow chevron
and 1.6 percent at Exxonmobil showed. The price of US WTI oil rose above the $ 85 mark on Monday for the first time since 2014. A high demand with only limited supply has been a price driver for oil for weeks./tih/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0223 2021-10-25/16:55

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