NEW YORK (awp international) – The Wall Street Index Dow Jones Industrial and the market-wide S&P 500 picked up on their record run before the weekend on Tuesday with moderate momentum. The technology-heavy selection index Nasdaq 100, however, turned into the red after a slightly positive start.
The adoption of the huge infrastructure package on that day was no longer a surprise, but it should have been the reason for the generally positive market sentiment. However, the data on the development of consumer prices in July, due mid-week, means that investors will remain cautious. The US Federal Reserve (Fed) has recently made it clear again and again that it regards the rise in inflation as only temporary and thus calms the mood. However, an increasing number of experts believe that monetary policy will be tightened soon.
Around two hours before the close of trading, the Dow Jones rose 0.49 percent to 35,272.27 points. The S&P 500 rose 0.19 percent to 4440.55 points and again reached a new record. The technology-heavy Nasdaq 100 also lost 0.46 percent to 15 063.80 points. On this trading day, a few companies with quarterly figures were still in view in the reporting season that was coming to an end. In addition, Boeing announced delivery figures for July. Although the aircraft manufacturer delivered fewer jets to customers than in June and new orders also fell significantly, Boeing papers recently gained 1.5 percent.
The shares of the fertilizer manufacturer Nutrien rose 6.2 percent. After a strong second quarter, the K + S competitor raised its annual targets again. Both the interim report and the new outlook exceeded analyst expectations.
The shares of the cinema operator AMC Entertainment, which had initially increased significantly after business figures that were better than expected, recently fell by 2.0 percent. Short seller Jim Chanos said the reality “is that things have gotten worse at AMC”.
For the shares of Biontech and Moderna listed on the Nasdaq, things went down a little after the strong record run the previous day. The losses were between three and five percent, after both had increased double-digit percentages on Monday. The trigger was stronger than expected sales and earnings figures of the Mainz vaccine manufacturer Biontech in the past quarter.
The papers of the Kansas City Southern Railroad Company rose 7.3 percent to $ 289.30. Here an increased takeover bid by the Canadian Paficic Railway spurred over $ 300 per share of the competitor, which corresponds to a total volume of around 27 billion dollars. Canadian Pacific stocks were down 0.9 percent. Canadian National Railway, which is supposed to merge with Kansas, fell 0.3 percent./ck/he
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