Börse Express – ROUNDUP / New York Stocks: Next sell-off day on the Nasdaq

NEW YORK (dpa-AFX) – On the US stock market, technology stocks once again suffered from the expected rate hikes at the start of the new week. The Nasdaq slipped 100 on Monday
to its lowest level since mid-October. Most recently, it lost 2.45 percent to 15,210 meters, while the yield on ten-year US government bonds rose to 1.8 percent.

The standard values ​​also dropped significantly on Monday under the impression of the tech weakness. The leading index Dow Jones Industrial
lost 1.42 percent to 35,717 points. The market-wide S&P 500 was 1.82 percent lower to 4592 points.

On the one hand, the technology sector has grown strongly due to the pandemic, on the other hand, the high affinity for technology has led to a high market capitalization of the individual companies, said market expert Andreas Lipkow from Comdirect. This now has a negative effect on the overall market when prices fall and cannot be absorbed by the other industries.

The first week of trading in 2022 had already gone very badly for technology stocks. Investors worry that higher interest rates and thus more expensive financing could slow down the momentum in the growth industry. We are now waiting with nervousness for the inflation data due in the middle of the week. If inflation continues to rise, the US Federal Reserve will once again see its tightening of monetary policy confirmed. Some Fed members recently also called for the reduction of the balance sheet to begin relatively soon after the first interest rate hike. The economists at Goldman Sachs are now expecting four rate hikes by the Fed this year, while three hikes have been generally assumed so far.

The two computer game developers Zynga moved up among the individual values ​​on Monday und Take-Two Interactive Software
in focus. Take-Two plans to acquire Zynga for $ 12.7 billion, or $ 9.86 per share. The purchase price corresponds to a premium of 64 percent compared to the closing price on Friday. While Zynga shot up 45 percent on Monday, Take-Two gave way by more than 13 percent.

Nike lost nearly four percent far back in the Dow. The British investment bank HSBC had downgraded the shares of the sporting goods manufacturer from “Buy” to “Hold”. The production problems in Vietnam are likely to be over, but the situation in the global supply chains remains tense, wrote analyst Erwan Rambourg. In addition, the demand from Chinese customers is likely to remain rather sluggish.

The Nike course was also burdened by a warning from Lululemon Athletica According to which sales and profits in the fourth quarter of the financial year are only likely to be at the lower end of the targeted range due to the Omikron coronavirus variant. Lululemon papers lost almost six percent./ajx/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0248 2022-01-10/17:21

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