NEW YORK (dpa-AFX) – For the stock exchanges in the USA, no uniform trend emerged on Thursday. While the leading index Dow Jones Industrial is likely to rise slightly at the start of the bell, losses from Facebook and the payment service PayPal should dampen the mood on the Nasdaq technology exchange somewhat after their quarterly reports. However, growth and labor market data hardly moved the indices before the market.
The broker IG valued the Dow around an hour before the start of trading 0.38 percent higher to 35,065 points. This means that the record high from the start of the week at around 35,150 meters remains within reach. The Nasdaq 100, on the other hand, was assessed with moderate taxes.
Facebook shares lost 3.2 percent in pre-market trading. CFO David Wehner had spoken of weaker growth in the further course of the year the evening before. The payment service provider PayPal suffered a slump in profits in the second quarter. For the papers, it went down by almost 6 percent in the pre-trading period.
In contrast, the quarterly figures of the chip manufacturer Qualcomm were well received by investors, with the share price increasing by 3 percent. The automaker Ford surprised with a higher profit forecast for the current year. Here the price increased by 5 percent. The pharmaceutical giant Merck & Co missed the profit expectations of the market, the papers lost 1 percent before the market.
The price of the Chinese transport service provider Didi soared 18 percent before the market. The Wall Street Journal reports that the company is considering withdrawing from the stock market to appease China’s cyberspace authority. Didi denied that. The authority had previously advised the company not to go public in the US, but Didi had taken the step anyway. The authority then banned the app stores in China from offering the Didi app for download. That had Didi-Let the course collapse.
In addition, the IPO of the securities broker Robinhood comes into focus. The company has sold 55 million shares for $ 38 each. The group brings it to a valuation of almost 32 billion dollars before it starts trading on the Nasdaq tech stock exchange. However, in an unusual action, the discount broker reserved up to 35 percent of its newly issued shares for its own users./bek/mis
Source: dpa-AFX
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