NEW YORK (dpa-AFX) – After the previous week, which was marked by strong fluctuations, with an ultimately conciliatory end, the New York stock market is expected to be slightly lower again on Monday. Investors considered the risks to the economy, such as inflation and a renewed rise in Covid-19 cases in some parts of the world.
The broker IG estimated the leading index Dow Jones Industrial three quarters of an hour before the start with minus 0.35 percent to 34,263 points. A week ago, the Wall Street Index had climbed above the 35,000 mark for the first time before the prices went on a roller coaster ride.
The recent strong recovery on the Nasdaq technology exchange is likely to be a thing of the past as well, given the IG for the Nasdaq 100 on Monday a minus of half a percent.
In New York’s industrial companies, the mood did not deteriorate quite as sharply in May as analysts expected on average.
A new heavyweight is emerging in the US media industry with the Hollywood studio Warner Bros and TV channels such as HBO, CNN and Eurosport. The telecommunications giant AT&T is spinning off its WarnerMedia division and merging it with the TV group Discovery. AT&T gained two percent before the IPO, Discovery soared by nine percent./ajx/jha/
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