NEW YORK (awp international) – The US stock markets picked up on Friday’s record price at the start of the new week. Shortly after the start of trading, however, the most important indices crumbled and turned into the red. Fresh US economic data had caused a slight damper. Sales of new houses had fallen sharply again. In June they fell by 6.6 percent in a month-on-month comparison, the third time in a row. Analysts had expected an increase of 3.5 percent.
The Dow Jones Industrial initially climbed another high at 35,097 points and was most recently 0.09 percent lower at 35,028.41 points. The S&P 500 also soared to another high. Most recently, the market-wide index stagnated at the closing level on Friday at 4411.65 points. The Nasdaq 100 also initially hit a record high. The technology-heavy market barometer recently remained unchanged at 15,111.87 points.
The new stock exchange week will be determined by the announcement of the quarterly figures of large US technology and Internet companies such as Apple, Microsoft and Alphabet. Investors are also eagerly awaiting the business figures from Tesla, which the electric car manufacturer will present this Monday after the market closes.
“We are entering a very eventful week with big tech wins and a Fed meeting,” said market expert Chris Zaccarelli of the Independent Advisor Alliance. The market showed last week how resilient it is. But now he expects more caution from investors, as all eyes and ears are on the US Federal Reserve.
Aon shares climbed 6.8 percent after the insurance broker rejected the proposed merger with Willis Towers Watson to end litigation with the US Department of Justice (DOJ). Aon announced the planned $ 30 billion acquisition of Willis Towers Watson in March 2020. The DoJ had filed a civil antitrust lawsuit to block the deal as the acquisition would create a brokerage giant and eliminate competition between two of the world’s top three insurance brokers. / Edh / he
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