Home » News » New York equities outlook: Dow initially slightly lower after record run | 04/12/21

New York equities outlook: Dow initially slightly lower after record run | 04/12/21

NEW YORK (dpa-AFX) – After the strong end of the week with further records on Wall Street, investors should take it easy on Monday. Broker IG valued the leading index Dow Jones Industrial (Dow Jones 30 Industrial) around three quarters of an hour before the stock market launch at 33,756 points, which is 0.16 percent lower.

Meanwhile, economic optimism and cheap central bank money drove the default values ​​in particular. In this context, there was also good news from the Federal Reserve President: According to Federal Reserve President Jerome Powell, the US economy is at a turning point towards more growth. “We feel at a point where the economy is starting to grow much faster,” Powell said in an interview with US television station CBS. The central banker also referred to an improvement in the situation on the American labor market.

Alibaba is the focus of the individual values. In a new blow against company founder Jack Ma, China’s competition watchdogs fined the world’s largest online trading platform by 18 billion yuan. The group had used its dominant position to punish traders who wanted to offer their goods on competing platforms, state media quoted the market surveillance authority as saying. In addition, the Alibaba financial division Ant Group will have to reposition itself as a financial holding company and meet the strict requirements of a bank.

Nevertheless, Alibaba’s shares rose by more than six percent in pre-market trading. According to stockbrokers, the penalty was less than feared. In addition, the uncertainty has now given way to the shares.

Among the other technology stocks, Luminex papers jumped more than eleven percent. The Italian diagnostics group Diasorin (DiaSorinAz) wants to take over the manufacturer of Covid-19 tests Luminex. Diasorin’s shares recently gained around nine percent in Milan.

Finally, the software giant Microsoft wants to expand its range of language processing solutions with an acquisition. The group wants to take over the specialist for artificial intelligence and language processing Nuance Communications and offers 56 dollars per share. The company’s shares rose by around 23 percent to a good 56 dollars before the market. / La / jha /

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