Trader on the New York Stock Exchange.
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(Photo: AP)
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New York The US stock exchanges closed hardly changed after a listless trade on Wednesday. However, bank stocks came under the wheels. The market has reduced its expectations with a view to the number of interest rate hikes this year and the tax cut plans under President Donald Trump, analysts explained the price losses in financial stocks. The banking sector index fell by 0.8 percent. In view of a lack of economic data, there was also a lack of fresh impetus.
The Dow Jones index of the standard values was 0.2 percent to 20,054 points. The broader S&P 500 stepped on the spot at 2294 points. The index of the technology exchange Nasdaq on the other hand increased by 0.2 percent to 5682 points.
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The winners included papers from the media group Time Warner, which increased by 0.4 percent. That before the takeover by AT&T standing company increased its operating profit in the past quarter by around a fifth.
In contrast, shares of Goodyear by 0.3 percent. Sales of the largest US tire manufacturer fell in the past quarter by 7.9 percent to 3.74 billion dollars. In view of rising raw material costs, the company also expects operating profit to stagnate in 2017.
At the banks, Goldman-Sachs shares dropped 0.8 percent. JP Morgan and Wells Fargo were cheaper each time by around one percent.
Moelis & Co. rose 5.4 percent. The small investment bank secured a consultancy agreement for what is expected to be the world’s largest IPO, the partial privatization of the Saudi Arabian oil producer Saudi Aramco.
The upcoming elections in several European countries made investors in Frankfurt increasingly nervous. “With further changes in anti-European direction, the danger of the euro zone breaking up increases,” warned Jochen Stanzl, analyst at the online broker CMC Markets. The Dax closed 0.1 percent in the red at 11,543 points, the EuroStoxx50 gained 0.1 percent to 3238 points.
Around 850 million shares changed hands on the New York Stock Exchange. 1658 values increased, 1283 fell and 157 remained unchanged. On the Nasdaq closed with sales of 1.93 billion shares 1272 in plus, 1563 in minus and 205 unchanged.
US consumers are holding back
The US credit markets were in demand again as a safe haven and gained ground. The ten-year government bonds gained 12/32 to 97-1 / 32. The rate of return fell to 2.3436 percent. The 30-year bond jumped 1-7 / 32 to 98-13 / 32 and returned 2.9557 percent.
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