Technology stocks continue to have a tough time with US investors after their rally ended. A hesitant attempt to stabilize early trading was followed on Friday in …
NEW YORK (dpa-AFX) – Technology stocks continue to have a difficult time with US investors after the end of their rally. A hesitant attempt at stabilization in early trading was followed on Friday by a slide to a new low of 10,945 points in the NASDAQ 100 for four weeks . Ultimately, the selection index of the tech exchange Nasdaq then closed 0.60 percent lower at 11 087.40 points. It is now well removed from its record high of 12,439 points the previous week.
The Dow Jones Industrial (Dow Jones 30 Industrial) was able to recover slightly with plus 0.48 percent to 27,665.64 points. After the very weak previous week, investors had to accept a further loss of 1.7 percent in the trading week, which was shortened due to the holiday. The market-wide S&P 500 said goodbye with a plus of 0.05 percent on Friday, hardly changed to 3340.97 points into the weekend. The US Federal Reserve (Fed) could provide for a new upswing in the coming week if it loosens again for a long time to come Monetary policy affirmed.
At the top of the Dow, Nike shares climbed another record high and ultimately gained 2.8 percent. Since the share certificates of the sporting goods manufacturer first reached a new high in August, investors have taken every opportunity to get started.
Fedex has recently been in even greater demand, with a 3.7 percent increase since 2018. Goldman Sachs analyst Jordan Alliger gave investors hope for a good quarterly report in the coming week. Boeing also grew. Her 737 Max crisis jet, which was banned from take-off after two devastating crashes around the world, is getting closer to re-registration.
In contrast, the Nikola papers collapsed by another 14.5 percent. After the price jump on Tuesday, the hybrid truck developer’s papers were already down by more than 40 percent. After a critical report by a research service shortsellers had caught on the day before, investors missed a detailed statement from the company, said market analyst Neil Wilson of Markets.com. Nikola had only accused the author of market manipulation intentions with false claims and hired a law firm to examine legal steps.
The euro continued to stabilize on Friday. In the evening, the common currency cost 1.1845 US dollars, but was still well below Thursday’s high of at times over 1.19 dollars. The European Central Bank (ECB) had set the reference rate at 1.1854 (Thursday: 1.1849) dollars. The dollar cost 0.8436 (0.8440) euros.
US Treasury bond prices have barely moved. Trend-setting ten-year-olds gained 3/32 to 99 18/32 points. They yielded 0.667 percent./ag/jha/
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