NEW YORK (awp international) – The US stock markets were also inconsistent in trading on Tuesday. While the standard values on Wall Street trended friendly, the technology exchange Nasdaq continued its correction path after the latest record rally. In the meantime, the market feared that monetary policy stimuli would be withdrawn more quickly than previously expected, it said.
The Dow Jones Industrial was recently listed 0.30 percent higher at 35,724.47 points. For the market-wide S&P 500 it went down by 0.26 percent to 4670.72 points. The Nasdaq 100 fell 1.18 percent to 16,187.32 points.
Stock marketers viewed positively that US President Joe Biden ordered the release of 50 million barrels of crude oil from the strategic reserve because of the rapid rise in energy prices. According to the information from the President’s Office, it is a coordinated action with countries such as China, India, Japan, South Korea and Great Britain.
Among the individual stocks, the shares of the video conferencing service Zoom were the focus of investors with a price drop of almost 18 percent and are thus heading for the largest daily loss since the IPO in April 2019. In the past three months, the price has collapsed by more than 40 percent. After the boom in the corona pandemic, business is no longer flourishing as strongly. In the three months to the end of October, sales rose by 35 percent. In the previous quarter the increase was 54 percent, in the previous quarter it was 191 percent.
The papers of Best Buy collapsed in spite of a strong third quarter and slightly raised annual targets of the retail chain by a good 13 percent. The shares of the consumer electronics company had only reached a record high the day before at just under 142 US dollars.
After strong gains on Monday, the quarterly report for the papers of the fashion company Abercrombie & Fitch fell more than 14 percent./edh/he
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