The leading index Dow Jones Industrial fell 0.11 percent to 35,360.73 points. On a monthly basis, this means an increase of 1.2 percent.
From a technical chart point of view, the Dow is currently still having trouble finding buyers above its most recent interim highs, wrote the expert Andreas Büchler from Index Radar. But if demand picks up again, the uptrend channel could be exhausted.
The broader S&P 500 fell 0.13 percent to 4522.68 points on Tuesday. Among the technology indices, the Nasdaq 100 fell 0.14 percent to 15,582.51 points.
On the corporate side, the focus was on the video conferencing service Zoom with its business figures. Although this had generated quarterly sales of more than one billion dollars for the first time, it expects lower growth in the future.
After the corona pandemic accelerated the change in the world of work and triggered a strong trend towards home offices, more and more employees are now returning to the offices. That clouded the business outlook for Zoom. The shares plummeted by almost 17 percent, making them by far the biggest loser on the Nasdaq 100.
In contrast, the shares in Netease listed in New York recovered by almost 9 percent thanks to good quarterly figures, putting them at the top of the index. The previous day, the papers of the Chinese online company suffered from the fact that the Chinese leadership tightened the rules for young users of online games.
At the end of the S&P 500, Wells Fargo’s shares fell 5.6 percent. According to insiders, the big bank may have to reckon with further penalties from the supervisory authorities in an affair involving bogus accounts long ago, as the progress in processing is currently too slow for them.
The papers of the drugstore chains CVS Health and Walgreens Boots Alliance, on the other hand, increased their recent profits, in some cases significantly. CVS Health rose by a good two percent and Walgreens Boots Alliance even took the lead in the Dow with an increase of more than four percent. Analysts at Bank Morgan Stanley referred to the recent rise in demand for Covid-19 tests and corona vaccinations as a driving force.
During trading, the euro rose to its highest level since the beginning of August before coming under pressure again. Most recently, the common currency was quoted at $ 1.1808. The European Central Bank had previously set the reference rate at 1.1834 (Monday: 1.1801) dollars. The dollar cost 0.8450 (0.8474) euros.
The futures contract for ten-year Treasuries (T-Note-Future) fell 0.12 percent to 133.38 points. The yield on ten-year government bonds was 1.31 percent./la/mis
— By Lutz Alexander, dpa-AFX —
(AWP)
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