NEW YORK (dpa-AFX) – In the middle of the week, further moderate losses are emerging on the US stock exchanges in view of some disappointing company news. After the start of the stock exchange, some economic data could still cause movement.
Request FREE:
Your Wealth Guide – Which Stocks Beat Everything!
Three quarters of an hour before the start of trading, the broker IG rated the leading index Dow Jones Industrial 0.3 percent lower to 32,565 points and the Nasdaq 100 0.2 percent down to 12,023 points. The day before, the technology-heavy selection index had closed with a narrow loss, while the Dow had gone downhill more significantly due to the weakness of index heavyweight Goldman Sachs.
The share price of the pharmaceutical company Novavax collapsed by more than a quarter before the market on Wednesday after the group had reported a surprisingly high quarterly loss. Sales development was also disappointing. In addition, Novavax sees great uncertainty regarding the sales prospects for 2023 and is considering a significant reduction in its expenses.
The shares in the electric car manufacturer Rivian suffered a price slide of nine percent – weak figures and a disappointing outlook also weighed on here. The shares of the big competitor Tesla are in focus with the investor day, but initially showed little movement.
The trading group Kohl’s also fell short of expectations with its interim report and gave a weak earnings outlook. The titles fell by almost eight percent.
In contrast, the solar group First Solar was able to inspire investors with a surprisingly good earnings outlook, as the pre-market price increase of around six percent showed.
Source: dpa-AFX
