NEW YORK (dpa-AFX) – After the recovery rally following the continuation of the US interest rate turnaround, investors are likely to shift down a gear again on Thursday. The broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) half a percent lower to 33,892 points an hour before the start of trading. On Wednesday, it had recovered almost 3 percent, returning to the 50-day moving average. It is considered an indicator of the medium-term trend and is currently running sideways.
The NASDAQ 100 had stabilized even more strongly, having dropped to its lowest level since March of the previous year at the beginning of the week. On Thursday, the selection index of the Nasdaq technology exchange was seen again 0.8 percent lower at 13,429 points.
The US Federal Reserve did not try to surprise the market the day before, said economist Thomas Costerg from Pictet Wealth Management after the expected 50 basis point interest rate hike. This was the first step of this magnitude since the year 2000. With a view to further interest rate policy, however, the company has shown itself to be more open than the market had already calculated, according to Costerg. He assumes that economic data will increasingly determine the course after inflation, and can already imagine a slower rate of increase again in July.
Concerns about growth are also the ones that are clouding the optimism of investors on eBay and sending the auction platform’s stocks plummeting before the market. The first quarter was better than feared, said JPMorgan expert Doug Anmuth. However, the current headwind from the difficult environment is holding back ambitions for the second quarter and for the year as a whole. Papers from Cardinal Health and the e-commerce platform Shopify already disappointed in the past quarter and are being punished before the market.
However, papers from lithium producers remain in demand, which Tesla boss Elon Musk recently focused on in view of the importance of the raw material for electric cars. After Livent, which shot up 30 percent the day before, investors are now turning to Albermarle. The market expectations were clearly exceeded at the beginning of the year and the annual targets were increased massively./ag/mis
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:quality(80)/cdn-kiosk-api.telegraaf.nl/cd42b492-cc39-11ec-a4a7-0218eaf05005.jpg?resize=150%2C150&ssl=1 "Shell posts significantly higher profit, raises dividend | Financial")