NEW YORK (dpa-AFX) – After the recent price decline, the mood on Wall Street remains subdued. Investors on the US stock exchanges are therefore likely to hold back on Friday. Just over an hour before the opening of trading in New York, broker IG estimated the US leading index only slightly changed by minus 0.09 percent to 31,373 points.
Some stock market watchers already saw this stabilization as a positive sign. On the Nasdaq technology exchange, which was badly shaken the day before, there were even signs of a positive start to trading.
The previous day, the rising US yields on the bond markets had fueled fears of inflation among investors and put an abrupt end to the previous record hunt. The tech values in particular had been torn in depth. But the Dow Jones Industrial also ended trading at a discount of almost two percent after the US benchmark index climbed to another high in the middle of the week after Fed Chairman Jerome Powell tried to calm down monetary policy.
The Asian markets and trading centers in Europe were also drawn into the downward pull on Friday. Despite the recent losses, the markets are currently far from being in free fall, wrote Craig Erlam of broker Oanda. The yields on US bonds are still very low compared to their historical values.
The rising yields are currently fueling the discussion on the market with a view to a possible tightening of monetary policy. According to market experts, the US data that is on the economic agenda before the weekend should also be tapped in this direction.
On the company side, salesforce by numbers are among other things in view before the weekend. The US software manufacturer SAP rival had given a surprisingly optimistic outlook the day before after the US stock market closed, after customer interest has picked up again. But this may not have been enough for investors: Salesforce shares were in the red at around three percent before the trading day.
Investors, on the other hand, had already taken a lot of holdings in the papers of the apartment broker Airbnb, which apparently got through the crisis better than expected despite a mega loss last year. After the severe slump at the beginning of the pandemic, business has recently recovered significantly. In view of the violent price capers of recent times, the ailing video game retailer Gamestop remains. On Friday, the paper, which has become a pawn for speculators, was up around twelve percent in the pre-trading session ./tav/mis
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