Home » today » News » Equities New York Outlook: Slightly below recent highs | 02/09/21

Equities New York Outlook: Slightly below recent highs | 02/09/21

NEW YORK (dpa-AFX) – After the latest winning streak with prices in record highs, investors on the New York stock market should initially take it a little more leisurely on Tuesday. Broker IG estimated the leading index Dow Jones Industrial (Dow Jones 30 Industrial) one hour before the starting bell with minus 0.30 percent to 31,293 points. The market-wide S&P 500 and the technology-heavy NASDAQ 100 are also expected to be somewhat weaker. All indices had risen as high as never before at the close of trading the day before.

Economic data are nil on Tuesday. The network specialist Cisco, the short message service Twitter and the travel agent Lyft submit quarterly reports, but all only after the market closes. However, the quarterly figures of DuPont de Nemours have already been published. The shares of the specialty chemicals group fluctuated in pre-market trading between plus and minus, recently the price fell slightly.

Constellation Brands (Constellation Brands A) rose pre-market with a plus of 2.1 percent towards a record high. Goldman Sachs put the title of beer and spirits manufacturer on the list of particularly convincing investment ideas.

On the other hand, a possible deal between the US diagnostics provider Quidel and QIAGEN met with little enthusiasm. The day before, Quidel had only reacted positively to the rumors in late US trade before they slipped significantly into the red. On Tuesday they were quoted unchanged before the trading day. Qiagen was only slightly up in Frankfurt recently, while the Qiagen shares listed in New York were down almost two and a half percent before the market. Commerzbank said that if the two companies were to merge, their dependency on sales related to Covid-19 would be quite high. With a view to 2022, this presents “challenges”. From this point of view, a merger would not be the order of the day./ajx/fba

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