New York stocks: Dow above 43,000 points for first time – S&P 500 also with record

On Monday it fell to its lowest level in almost 2 years, and above that it struggled to stabilize a bit. However, with a loss of 1.4 percent, they were still one of the biggest index losers. The ailing plane maker sees a need for a $5 billion writedown and is cutting about 10 percent of its jobs. The aircraft manufacturer also announced key preliminary data for the third quarter, which was disappointing.

The shares of Dow bottom Caterpillar lost 1.8 percent after their recent record hunt after Morgan Stanley downgraded them to “underweight”. Analysts at the investment bank view the construction equipment group with caution and pointed out a discrepancy between the underlying data and the share price.

In contrast, Apple was one of the biggest winners with a gain of 1.2 percent. Shares of the crypto platform Coinbase rose almost 10 percent. They benefited from the fact that the most important cryptocurrency Bitcoin continued to recover and clearly left the $65,000 mark behind. He has finally discovered the drop in the price of the shares since the end of September.

Semiconductor stocks were among the most sought-after in the Nasdaq 100. Nvidia continued its upward trend with an increase of 3 percent to $138.85, thus aiming for the highest level of $140.76 since June. Price strength since the beginning of the month is due to statements from the company’s CEO Jensen Huang, who reported high demand for its latest Blackwell graphics processor. At the beginning of the week, some other chip stocks such as Applied Materials and Qualcomm rose more than Nvidia. But so far this year, Nvidia is the clear index leader with a 180 percent increase.

At the start of the week, Tesla had enough to gain 0.8 percent. This meant that the electric car maker’s shares were able to stabilize slightly after the recent losses. Above all, the disappointing display of the eagerly awaited robotaxis on Friday had dampened the mood./gl/he