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New York Stocks End: US stock exchanges are weakening after their recent record run

The market-wide S&P 500 fell on Monday by 0.53 percent to 4,163.26 meters after it had also reached a record on Friday.

The technology-heavy Nasdaq 100 lost 0.96 percent to 13,907.67 points. After a correction phase since mid-February, it only caught up last week and reached a record level again. At the same time, the Nasdaq selection index was even pulled up by a good nine percent within four weeks.

In the current reporting season, the focus was on Coca-Cola papers at the start of the week. They gained 0.6 percent in the Dow, making them one of the favorites. The world’s largest beverage manufacturer continues to suffer from the corona pandemic, but recently posted rising revenues again and exceeded expectations both with this indicator and in terms of earnings. The JPMorgan analysts highlighted this positively, but pointed out at the same time that the annual targets had only been confirmed.

Boeing lost 1.6 percent as one of the weakest Dow stocks. The aircraft manufacturer’s problem with the electrics of the 737 Max aircraft, which recently caused a number of planes to be withdrawn from service, is more far-reaching than assumed. The causal production defects affect components in several areas of the cockpit.

The shares of the cigarette manufacturer Altria sagged according to a report in the “Wall Street Journal” by 6.2 percent. Philip Morris lost 1.3 percent. With reference to people familiar with the process, it said the US government is considering a regulation for tobacco companies to reduce nicotine levels to non-addictive levels.

The papers of the English football club Manchester United also shot up 6.7 percent at the Nyse. Twelve European top clubs, including the Red Devils, want to found a European super league with 20 clubs as soon as possible. The founders should initially have 3.5 billion euros at their disposal. In Europe, investors were already chasing Juventus shares.

For Gamestop it went up by 6.3 percent and for Harley-Davidson by 9.7 percent. At the end of July, the boss takes his hat off at the video game dealer known for its spectacular stock turbulence. At the motorcycle manufacturer, business was running smoothly again recently. In addition, they want to take legal action against higher EU tariffs.

Nvidia lost 3.5 percent on the Nasdaq, because there is uncertainty as to whether the US chip manufacturer will be allowed to take over the British competitor Arm. Due to questions of “national security”, Great Britain ordered the competition authority to take a closer look at the planned US $ 40 billion acquisition.

The euro moved little in US trading, trading at $ 1.2036 on Wall Street close. The European Central Bank set the reference rate at 1.2035 (Friday: 1.1986) dollars. The dollar cost 0.8309 (0.8343) euros. On the US bond market, the futures contract for ten-year Treasuries (T-Note Future) fell 0.05 percent to 132.23 points. The yield on ten-year bonds rose to 1.599 percent./ck/he

— By Claudia Müller, dpa-AFX —

(AWP)

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