NEW YORK (dpa-AFX) – After the strong start to the week, Wall Street beckons a restrained start of trading on Tuesday. Three quarters of an hour before the start, the broker IG valued the Dow Jones Industrial 0.17 percent lower at 31,483 points. On Monday, the US benchmark index had gained almost two percent thanks to the approaching corona aid package and calm on the bond markets.
The Democratically dominated House of Representatives has already approved the new US President Joe Biden’s billion dollar aid program. The Senate should discuss it this week, said the Democratic majority leader, Chuck Schumer. The fact that a doubling of the nationwide minimum wage to 15 US dollars is already off the table after a corresponding decision by a congressional arbitration board had caused anger among the left spectrum of Democrats.
According to the figures presented, the shares of Zoom Video rose by almost seven and a half percent before the market. The video conference service expects this development to continue this year after the explosive growth in the Corona crisis.
At Abercrombie & Fitch, the shareholders could look forward to a price increase of almost one and a half percent. The fashion company exceeded expectations with adjusted earnings per share in the final quarter of 2020.
The shares of the fast-food restaurant chain Yum Brands, which includes brands such as KFC, Pizza Hut and Taco Bell, have recently been unmoved by purchase plans in the field of artificial intelligence.
For the shares of Beyond Meat, after a buy recommendation from Citigroup, profits became apparent./gl/mis
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