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NEW YORK (dpa-AFX) – Investors took profits in technology stocks on Thursday on the New York stock exchange. The NASDAQ 100, which has been shaped by this industry, recently fell by 0.87 percent to 16,250.95 points. The tech values barometer has still gained 3.4 percent this week.
The development of the standard values was somewhat more differentiated: the Dow Jones Industrial (Dow Jones 30 Industrial) made it up 0.26 percent to 35,846.57 points two hours before the end, which now results in a weekly plus of 3.7 Percent. The market-wide S&P 500, on the other hand, lost 0.24 percent on Thursday to 4689.97 counters.
In the market it was said that investors still had concerns about the economic risks posed by the new Corona variant Omikron – out of concern about the necessary containment measures. This curbs the recently noticeable optimism that infections are likely to be mild and that booster vaccinations are apparently effective. “There is still too much to learn about this variant to be able to draw firm conclusions,” said expert Craig Erlam of broker Oanda.
In addition, it was said in the market that investors were acting rather cautiously ahead of the inflation figures expected on Friday from the USA. The price data are considered to be particularly relevant for the monetary policy of the US Federal Reserve.
Looking at individual stocks, there was little spectacular in the Dow when it came to price movements. Apple shares rose 0.3 percent. The iPhone company had succeeded at the last minute the day before in postponing a court ruling to relax the app store rules. Actually, app developers in the USA should be given the right to use links or buttons to indicate payment options outside of Apple’s platform for their applications.
Boeing shares fell 1.9 percent. After the recent recovery rally, they followed an aviation industry that was declining again. In general, stocks in the travel industry have been under pressure. Including airlines with duties of 1.6 percent at United Airlines.
Otherwise, the shares of the ailing US video game retailer GameStop made a negative impression – the share that caused a sensation at the beginning of the year with price fluctuations triggered by privately organized investors. The papers lost 8.8 percent on Thursday. They mainly suffered from a quarterly loss that was higher than expected.
In contrast, the papers of CVS Health were 4.5 percent more expensive. The retail group, which specializes in pharmaceutical products, plans to distribute more funds to its shareholders through higher dividends and share buybacks. This raised sentiment across the sector, the papers of the pharmacy chain Walgreens Boots Alliance rose 1.6 percent at the top of the Dow.
Meanwhile, some tech stocks that actually come from China were in demand on the Nasdaq. The shares of the e-commerce platform Pinduoduo, the search engine Baidu (Baiducom) or the online trading platform JD.com (JDcom) rose between 1.2 and 2.4 percent. According to the Brsians, they followed the previously recorded price gains on the stock exchanges in China and Hong Kong./tih/jha/
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