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NEW YORK (dpa-AFX) – The further falling bond yields gave the US standard values a boost on Wednesday. They also benefited from optimistic statements by Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen about an economic recovery from the corona pandemic. In contrast, the technology exchange Nasdaq paid tribute to its recent above-average development despite billions in investments by the chip giant Intel. Weak domestic economic data left investors cold.
Most recently, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) rose 0.83 percent to 32,692.30 points. The market-wide S&P 500 advanced by 0.40 percent to 3925.98 counters. In contrast, the technology-heavy selection index NASDAQ 100 quickly gave up its initial gains despite strong semiconductor stocks and was most recently 0.49 percent lower at 12,953.50 points. It had recently developed significantly better than the two standard value indices and thus made up some of its deficit since the beginning of the year.
After a friendly start to the week, the New York stock exchanges came under pressure late on Tuesday and went out of trading with losses.
In the midst of the global semiconductor shortage, Intel wants to expand production capacities and build two new factories in the US state of Arizona for around 20 billion US dollars. The shares of equipment manufacturers for the chip producers benefited significantly more from this than Intel itself: While the well-run Intel stocks only maintained a minimal plus after a strong start, Applied Materials, Kla Corp and Lam Research recorded price gains of up to around seven percent up on the Nasdaq 100.
Adobe’s papers fared even worse than the Intel stocks: After a friendly start, they paid tribute to the recent recovery with a minus of almost one and a half percent, even though the software developer exceeded even the highest analyst estimate with its annual target for earnings per share .
At the media group ViacomCBS (Viacom A), the prospect of a billion dollar capital increase weighed heavily on the course: The shares fell by almost 19 percent after they had already lost a good nine percent the day before.
With minus 20 percent, the downward trend was even stronger with the GameStop shares. The retailer for computer games and entertainment software disappointed with its quarterly figures presented on Tuesday after the market closed and is also considering a capital increase. Before that, the shares had already lost around six and a half percent after the departure of the manager responsible for customer matters, Frank Hamlin, became known.
In contrast, the gaming company Bally’s benefited from the planned takeover of the online software developer Gamesys, which is listed in London, with a price increase of almost five percent. Both companies agreed on a purchase price of two billion pounds./gl/fba
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