The US stock exchanges all posted losses on Tuesday. Particularly towards the close of trading, there was increasing pressure on the market. The tech-heavy Nasdaq exchanges that are …
NEW YORK (dpa-AFX) – The US stock exchanges all posted losses on Tuesday. Particularly towards the close of trading, there was increasing pressure on the market. The technology-heavy Nasdaq stock exchanges, which had initially soared to new record highs, also turned into the red. Brokers referred to worrying statements by the Organization for Economic Cooperation and Development (OECD) about the sharp rise in unemployment as a result of the Covid-19 crisis.
The Dow Jones Industrial (Dow Jones 30 Industrial) ultimately fell 1.51 percent to 25,890.18 points, closing just above its recently reached low. The 200-day line remains a hurdle for the US benchmark index. This line is seen by investors interested in charting as an important indicator of the longer-term trend. The broader S&P 500 fell 1.08 percent to 3,145.32 meters.
The technology-heavy NASDAQ 100, which at times set a new record high a little over 10,700 points, ended trading with minus 0.75 percent to 10,524.01 points.
In the Dow, the shares of Walmart stood out positively with plus 6.8 percent. As the news agency Bloomberg reported from informed circles, the retail giant wants to start its subscription service this month and compete with Amazon Prime.
The focus was also on shares from the solar industry: Sunrun on the Nasdaq jumped to a record high of $ 27.59 and ultimately went out of trading with a premium of almost 23 percent to $ 26.17. Vivint Solar shot up around 38 percent on the Nyse to a five-year high.
Sunrun, the largest solar cell installer for house roofs in the USA, wants to buy its competitor Vivint Solar. The 3.2 billion US dollar (2.8 billion euros) deal is to be carried out as a pure share swap and will be completed in the fourth quarter, if the regulatory authorities agree. First Solar did not benefit from the planned industry consolidation. The papers from the manufacturer of thin-film solar modules gave way by 0.5 percent.
Numerous technology stocks also marked new highs during trading, including Dow members Apple and Microsoft, which ended the day with losses.
On the Nasdaq, Facebook and Tesla closed with profits, while Netflix and Amazon ultimately gave way. These four tech values had also reached record levels before. Amazon, which fell by a noticeable 1.9 percent by the end of trading, suffered mainly from the rumors about Walmart’s new online customer service.
The euro moved little in late US trading and closed at $ 1.1275 on Wall Street. In the Asian business, the euro was still well above $ 1.13. The European Central Bank set the reference rate in the afternoon in Frankfurt (CEST) at 1.1290 (Monday: 1.1325) dollars. The dollar cost 0.8857 (0.8830) euros. On the US bond market, ten-year government bonds increased by 11/32 points to 99 27/32 points and returned 0.64 percent./ck/fba
— By Claudia Müller, dpa-AFX —
– .
