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NEW YORK (dpa-AFX) – The US leading index Dow Jones Industrial
fell into the red on Monday after a stable start to trading. The market-wide S&P 500 and the tech-heavy Nasdaq exchange also extended their early losses.
According to experts, the major world exchanges are still in the grip of supply chain problems in central industries, rising energy prices and high inflation. The main focus at the moment is that the oil production group Opec + will only increase its daily production by the planned 400,000 barrels (159 liters each) in November, despite the shortage on the world market. This means that the situation on the oil market remains tense and prices are likely to rise further.
The Dow, which was initially able to gain slightly, recently fell by 1.15 percent to 33,930.58 points. The S&P 500 fell 1.41 percent to 4295.50 points. For the tech-heavy Nasdaq 100
it went down 2.29 percent to 14,453.20 points.
The slightly better than expected order entry data from the US industrial sector for the month of August, which was published shortly after the start of trading, did not offer any support. Investors currently prefer to stay on the sidelines, it said.
Among the individual values in the Dow were the shares of the credit card company Visa brought up the rear with minus 3.7 percent, while Merck & Co as a peak value rose by 2.0 percent. The pharmaceutical company’s papers continued to benefit from recent statements that the company is about to breakthrough with a Covid-19 drug.
The Israeli biotech company Redhill Biopharma
has meanwhile also announced promising news about the effectiveness of its own oral drug for severe Covid-19 courses. The paper recently gained 8.4 percent on the Nasdaq. For Biontech , Modern
and Curevac the latest price slide therefore continued unchecked. All of them lost a little more than 4 percent in the USA.
The shares of Tesla moved to the top of the Nasdaq-100 and recently gained around 2 percent. While the automotive industry is groaning under global chip bottlenecks, the electric car manufacturer impressed with a delivery record in the third quarter and thus also exceeded market expectations. Goldman analyst Mark Delaney now expects further improvements in the final quarter.
Facebook sagged by 4.3 percent. On Sunday, a former employee of the online network admitted that she had made a significant contribution to the latest series of disclosures. Among other things, it was about the effects of the Instagram photo service on young users.
General Motors rose by 2.9 percent and benefited from a circular report by the Bloomberg news agency about the robot car subsidiary Cruise. According to insiders, the startup sees opportunities to generate $ 50 billion in revenue from its driverless taxi business in the next few years. Cruise CEO Dan Ammann is likely to announce shortly that the company expects revenues from 2022 and – if the California Public Utilities Commission gives its okay, will expand the business from 2023./ck/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0269 2021-10-04/17:16
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