Investors were weighing the economic risks of inflation and tightening monetary policy against the prospect of continued growth, the market said. Positive impetus came from the continuing fall in oil prices. However, these pushed the shares of the oil companies into the red before the market. ExxonMobil fell 1.8 percent and Chevron 1.5 percent.
Among the individual values, Apple’s shares should be worth a look. The Japanese daily “Nikkei” reported, citing circles, that Apple had reduced its AirPod orders by more than 10 million units this year due to poor demand. Apple plans to produce 20 percent less of the iPhone SE in the next quarter than initially planned, it said. Apple shares fell 1.4 percent premarket. The fact that the Apple film ‘Coda’ won the Oscar for best picture didn’t help much.
Tesla shares, on the other hand, continued their recent recovery rally and were up 5.8 percent premarket. This means that the price increase since mid-March has totaled around a third. The electric car manufacturer had announced that it wanted to obtain shareholder approval for another share split.
HP Inc shares fell 2.1 percent premarket. The laptop and printer group wants to take over the headset manufacturer Plantronics as part of a $3.3 billion deal. The transaction, to be settled in cash only, will bring Plantronics shareholders $40 per share, a premium of 53 percent to Friday’s closing price, it said. Plantronics shares shot up about 49 percent./edh/mis
(AWP)
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