The S&P 500, which represents the broad market, lost 1.03 percent to 4178.36 meters. The tech-heavy Nasdaq 100 fell 0.55 percent to 14,086.37 points. The day before he had set another record with just over 14,200 points. This indicates a slightly positive weekly balance of plus 0.6 percent for the Nasdaq 100.
“Stocks that promise high growth are currently somewhat more popular again compared to cyclically fluctuating and value stocks,” said market analyst Sophie Griffiths from broker Oanda. On Friday, however, it appears that tech stocks will not be able to escape the losses.
On the corporate side, the shares of Adobe Systems came up with a price gain of 2.3 percent and another record high. The software company’s figures for the second quarter clearly exceeded expectations. According to DZ expert Ingo Wermann, they were “convincing across the board”. Adobe is profiting from the relocation of advertising budgets to the Internet and from increasing investments, emphasized the expert.
The depository receipts of the Tübingen vaccine manufacturer Curevac, traded in the USA, recovered slightly by up 13 percent from their almost 40 percent drop in prices on Thursday. Curevac had to admit on Wednesday that its vaccine, traded as a beacon of hope, had only achieved a preliminary effectiveness of 47 percent against corona disease “of any severity” ./edh/he
(AWP)
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