Broker IG valued the leading index Dow Jones Industrial around three quarters of an hour before the starting bell 0.25 percent higher to 34 213 points. For the technology-heavy Nasdaq 100, the IG indication indicated an increase of around 0.6 percent.
The previous day, US Treasury Secretary Janet Yellen had startled the markets with the remark that interest rates may have to rise moderately to prevent the economy from overheating. Coupled with stock valuations near their highest level in two decades, that was enough to rock the Nasdaq 100’s biggest loss since March.
General Motors (GM) did well in the first quarter thanks to continued high demand for SUVs and pick-up trucks. Despite production problems due to computer chip bottlenecks, GM made a net profit of $ 3.0 billion, more than the market expected. GM shares rose 3.6 percent in pre-trading hours.
The American telecom subsidiary T-Mobile US expects more operating profit and more new customers than before after a strong first quarter this year. In the three months to the end of March, the bottom line was 773,000 new of the particularly important telephone contracts, significantly more than analysts expected. In addition, T-Mobile boss Mike Sievert expects higher savings in day-to-day business from the takeover of the smaller rival Sprint a good year ago. The T-Mobile papers rose by 2.1 percent in the pre-market period.
The US travel service broker Lyft started the year with significantly lower revenues and another high loss due to ongoing burdens due to the Corona crisis. Despite the sharp declines, the Uber rival’s numbers came in far better than the market expected. In addition, the company is sticking to its goal of becoming profitable in the third quarter. The Lyft shares reacted early on the market with a price premium of 4.6 percent.
The Match Group, the parent company of the dating platform Tinder, continues to expect brilliant business after a strong start to the year. “We are looking forward to a summer of love,” announced Match Group CEO Shar Dubey. The shares rose before the market by 5.3 percent./edh/mis
(AWP)
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