NEW YORK (dpa-AFX) – On Wall Street, the mood among investors on Thursday remained tense. The focus was on disappointing Walmart numbers (Walmart) and the ongoing discussion about a return of inflation. The recently record-high Dow Jones Industrial (Dow Jones 30 Industrial) was able to reduce its early minus of up to 1 percent. Two hours before the end he lost 0.42 percent to 31,480.81 points.
According to stockbrokers, as bond yields rise, concerns are growing that higher borrowing costs could put an end to the record rally for the time being. This can also make fixed income more attractive in the future as an alternative to stocks. Against this background, the market-wide S&P 500 recently fell by 0.54 percent to 3910.13 points.
Investor concerns weighed particularly heavily on technology companies, which will generate a large proportion of their cash inflows in the future and are thus viewed by stock marketers as particularly vulnerable to inflation. The technology-heavy selection index NASDAQ 100 fell under these circumstances by 0.69 percent to 13,604.73 points.
Against the background of interest rate concerns, investors also looked to fresh US economic data. The prices for goods imported into the USA rose faster than expected at the beginning of the year, which further fueled inflation concerns. In addition, the number of initial jobless claims rose surprisingly last week. However, the business climate in the Philadelphia area deteriorated less than expected in February.
The Apple shares (Apple) were in the course of the losses in technology stocks with minus 1.8 percent, as on the previous day, to the bigger Dow losers. In the meantime, they fell below $ 128 to their lowest level in a month. On Wednesday it became known that investor legend Warren Buffett reduced his exposure to the stock and shifted it to defaults. This, too, has recently clouded the picture in the tech sector.
By far the biggest loser in the Dow was the shares of Walmart, which fell 5.8 percent. Booming online sales made business buzz at the largest US retailer during the pandemic, but high costs and expenses ruined his balance sheet. For 2021, Walmart issued a cautious business outlook, which, in addition to the quarterly loss, was not well received by investors. This also weighed on the 2.6 percent weaker shares of competitor Target.
The mood was also bad among Boeing’s shareholders, with shares falling 2.9 percent as the second largest loser in the Dow. Here the specifications from Europe were gloomy, with significant price losses also at Airbus (Airbus SE (ex EADS)). The corona crisis and the planned job cuts have caused the European competitor to lose billions.
Otherwise, the oil values suffered heavy losses after the last good run. Your industry index S&P 500 Energy had reached the previous day thanks to the recent rise in oil prices at its highest level in half a year, now the industry papers rowed back. ExxonMobil lost 1.5 percent and Occidental Petroleum 3.7 percent.
Winners were generally in short supply. In the S&P 500, the shares of Kraft Heinz (Kraft Foods Group), which had risen sharply the day before, had a positive impact with an ongoing rally. With a price jump of 4.7 percent, the shares consolidated their highest level since a significant price slide a good two years ago. According to experts, there were follow-up purchases here after the shares broke an important technical mark on Wednesday./tih/he
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