Home » today » News » Equities New York Outlook: Investors are holding back | 15.09.21

Equities New York Outlook: Investors are holding back | 15.09.21

NEW YORK (awp international) – The US stock markets shouldn’t make any big jumps on Wednesday at the opening. The broker IG estimated the Dow Jones Industrial about an hour before the official start of trading, hardly changed at 34 569 points. For the technology-heavy selection index Nasdaq 100, the start of trading is around 0.2 percent higher.

From the company’s point of view, things should be quiet for information on Wednesday. The shares of Microsoft should be worth a look, which rose by around 1.3 percent in the pre-market period. The world’s largest software provider announced a buyback of its own shares with a volume of up to 60 billion US dollars. In September 2019, Microsoft initiated a share buyback with a volume of up to $ 40 billion. The group currently has a market capitalization of $ 2.25 trillion, making it the second most valuable publicly traded company after Apple.

Apple is relying on better cameras and faster chips for its new iPhone 13, as the electronics company announced on Tuesday evening. The iPhone is by far the most important Apple product and at times brought in up to two thirds of the group’s business. Most recently, however, its share of sales fell below 50 percent. Apple shares did not get the news on Tuesday in late trading. The paper lost around one percent in a weak overall market. On Wednesday, the papers were last 0.2 percent higher in pre-trading.

Steel Dynamics shares gained around 2.0 percent in the pre-trading session. The company expects third-quarter earnings between $ 4.78 and $ 4.82 per share. The average market estimate so far has been $ 4.33.

Philip Morris International raised its quarterly dividend 4.2 percent from $ 1.20 to $ 1.25 per share. The shares increased by around 0.4 percent. / Edh/jha/

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