Home » News » New York equities: Dow crumbles – concerns about tensions with China | 02/11/21

New York equities: Dow crumbles – concerns about tensions with China | 02/11/21

NEW YORK (dpa-AFX) – After a friendly start to trading, Wall Street slipped into the red on Thursday. The reason for this are fears about increasing tensions between China and the West, it said. The shares on the technology exchange Nasdaq, however, recorded a firmer trend.

The Dow Jones Industrial (Dow Jones 30 Industrial) initially rose to another record high of 31,543 points. Most recently, however, the leading US index was 0.35 percent lower at 31,327.35 points. The market-wide S&P 500 was last 0.12 percent in the red at 3905.11 points. The NASDAQ 100 gained 0.42 percent to 13,712.08 points.

In a first phone call between new US President Joe Biden and China’s party leader Xi Jinping, Biden criticized “Beijing’s forced and unfair economic practices, the repression in Hong Kong, human rights violations in Xinjiang and increasingly challenging actions in the region, including against Taiwan.” The news that the BBC World News broadcaster had been banned from China was also a burden.

Among the individual values, the shares of PepsiCo fell on with a loss of 1.4 percent. The shower manufacturer reported on its business development in the past quarter. The shares of Kraft Heinz (Kraft Foods Group) fared better, rising 5.3 percent. The ketchup company had exceeded expectations in the fourth quarter.

In the case of the transport service provider Uber, on the other hand, it fell by 1.5 percent according to quarterly figures presented. The feedback from investors at the online games specialist Zynga was clearly better, with shares advancing 7.6 percent. After unexpectedly good figures from loudspeaker specialist Sonos, its shares jumped by almost 16 percent to a record high.

The shares of Bumble started brilliantly on the US technology exchange Nasdaq. In a sluggish overall market, the papers of the operator of the online dating platforms Bumble and Badoo were recently listed at just under $ 75, around 75 percent above the issue price of $ 43./edh/he

TRADE FOREIGN EXCHANGE WITH UP TO LEVER 30 NOW

Trade forex with high leverage and small spreads. With only € 100.00 you can benefit from the effect of € 3,000 in capital.

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.


– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.