Equities New York Outlook: More losses expected – Coca-Cola with good numbers | 04/25/22

NEW YORK (dpa-AFX) – The US stock exchanges are expected to face the third weak trading day in a row on Monday. At the end of the week, statements by US Federal Reserve President Jerome Powell about a major interest rate hike at the next Fed meeting in early May caused the previously good market mood to tip over. There was also bad news from China.

After the discovery of corona cases in Beijing, the country’s authorities fear that the virus will spread in the Chinese capital. Some districts have therefore been cordoned off. For weeks there have been strict curfews in Shanghai and Changchun as well as in the province of Jilin in northeast China, which poses challenges not only for the economy in China but also worldwide.

Around three quarters of an hour before the start of trading, broker IG assessed the Dow Jones Industrial (Dow Jones 30 Industrial) down 0.74 percent to 33,560 points. The week before, the Wall Street Index had posted a loss of almost two percent. IG expects the NASDAQ 100 to fall 0.76 percent on Monday to 13,255 points. He had even recorded a weekly loss of almost four percent.

The focus should be on the soft drinks manufacturer Coca-Cola, which is one of the 30 Dow members. In the first quarter, he achieved significantly more under his own steam than analysts had expected. The stock was up 1.8 percent premarket.

Twitter (Twitter) gained 4.5 percent before the start of trading. According to US media reports, the blogging service is more receptive to the takeover offer from tech billionaire Elon Musk after initial resistance. The “Wall Street Journal” wrote this Monday that both sides are in serious negotiations and could come to an agreement this week. According to the Bloomberg news agency, an agreement could even be reached this Monday. Tesla shares were under pressure pre-market./ck/jha/

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