Börse Express – ROUNDUP/Stock New York Verdict: Some losses

The Dow ended the day 0.31 percent lower at 44,722.06 points, after climbing to 45,003 points shortly after the start of trading. Its year-to-date profit is currently 18.7 percent.

The S&P 500 fell 0.38 percent to 5,998.74 points on Wednesday, almost completely giving up its biggest gains since the previous day. Its current annual increase is nearly 26 percent. The Nasdaq 100 lost 0.85 percent to 20,744.49 points in the middle of the week, but has risen by 23.3 percent in total since the beginning of 2024.

“The Christmas rally is fully engaged in the US stock exchanges,” said portfolio manager Thomas Altmann of QC Partners, despite a small loss that day. He specifically referred to the S&P 500 throughout of the market, which had been up for seven days in a row until Tuesday. “There has only been an even longer winning streak once this year: that was in August with eight consecutive positive trading days. “

Major tech stocks especially fell on this trading day. Nvidia lost another 1.2 percent and has lost 11.5 percent since its peak of just under $153 about a week ago. Nevertheless, the AI ​​chip specialist’s shares remain unchallenged at the top of the Dow and the Nasdaq 100 with an annual gain of just over 170 percent.

Salesforce lost 3.8 percent at the end of the Dow. However, SAP’s business counterpart had also reached its peak recently. Investors can currently look forward to an annual increase of just over 25 percent.

Microsoft gave up 1.2 percent. According to sources, the US competition authority FTC started an antitrust investigation under current head Lina Khan. The group’s lawyers will meet with the company’s competitors next week to gather more information about the software company’s business practices, two other people familiar with the plans told Bloomberg news agency. Microsoft and the FTC declined to comment.

In the Nasdaq 100, according to figures and reports of further business development, Workday, Crowdstrike and Autodesk lost up to 8.6 percent. In some cases there were disappointments, but in others the securities had already done well – like Autodesk. Goldman analyst Kash Rangan summed it up: Given the 50 percent increase in the share price in the past six months, the modest increase in Autodesk’s sales target for the fourth quarter indicates that ” relatively small”.

For HP it fell by 11.4 percent and for Dell by 12.3 percent. It’s a long time coming to get back on the PC market. In addition, according to UBS analyst David Vogt at Dell, excessive expectations of revenue from AI servers was also a reason for the price loss.

Symbotic fell even more sharply at nearly 36 percent. The automation technology company lowered its revenue target for the first fiscal quarter, citing accounting errors in its annual financial statements.

be exchanged for 1.0566 Euro. The European Central Bank set the reference rate at 1.0531 (Tuesday: 1.0522) dollars. So the dollar cost 0.9495 (0.9503) euros.

On the bond market, the ten-year government bond futures contract (T-Note Future) rose 0.33 percent to 110.69 points. The yield fell to 4.25 percent./ck/he

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AXC0300 2024-11-27/22:47