NEW YORK (dpa-AFX) – On the US stock market, concerns about the consequences of the spread of the new Corona variant Omikron continued to subside on Tuesday. The market strategists at Credit Suisse see a somewhat greater willingness among investors to take risks again. At the beginning of the week, the signals about the Omikron variant of the coronavirus were particularly important, as they make it less threatening to people and markets than initially feared.
The broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) around an hour before the start of one percent plus 35,585 points. For the NASDAQ 100, an increase of 1.8 percent to 16,129 counters was expected. This would both build on their recent recovery after coming under heavy pressure, especially in the second half of November.
Aside from the corona pandemic, the highly indebted Chinese real estate company Evergrande should be kept an eye on. According to insiders, several financiers of the real estate giant had to wait for an interest payment after a grace period had expired, as reported by the Bloomberg news agency. Payment default is feared.
On the economic side, attention is also already being drawn to US inflation data on Friday. In the event of a further rise in the already high inflation, the US Federal Reserve would probably see its stance to reduce its security purchases faster than previously intended. Fed chairman Jerome Powell recently made such suggestions. Many analysts expect a specific announcement from the central bank at the next interest rate meeting in mid-December.
On the corporate side, the shares of the chip company Intel rose by a good 8 percent before the IPO. The semiconductor manufacturer plans to list its Israeli subsidiary Mobileye on the stock exchange around mid-2022. After the IPO, Intel wants to remain the majority owner in the developer of technologies for autonomous driving.
The shares of the US electric car maker Rivian (Rivian Automotive) could continue their recovery attempt from the previous day. They rose 2.6 percent to $ 119.80. The Tesla rival went public on November 10th. Within a few days, the paper had soared to $ 179 – an increase of almost 130 percent compared to the issue price of $ 78. After the record high, however, it had fallen to $ 100 by the end of last week in the wake of a general weakness in tech stocks.
The rally in tech stocks is also benefiting the stocks of Chinese internet giant Alibaba. The papers listed in New York rose by almost 6 percent in the pre-trading period.
Apple shares rose 2.3 percent before the market. Alongside the general tech recovery rally, here powered a comment from Morgan Stanley. The experts at the US bank expect the iPhone group to benefit from new products in the field of virtual reality and autonomous driving./mis/eas
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