NEW YORK (awp international) – The US stock markets entered the last trading day of the week with moderately rising prices. Statements by Russian President Vladimir Putin about the talks with Ukraine provided some tailwind on the stock exchanges on Friday. However, many market participants remain skeptical about the negotiations between the two wartime opponents.
The Dow Jones Industrial rose in early trading by around half a percent to 33,322 points. On a weekly basis, however, there is a minus of almost one percent. The market-wide S&P 500 was up 0.08 percent at 4263 points. The technology-heavy Nasdaq 100, on the other hand, fell by 0.23 percent to 13,562 points.
Kremlin chief Vladimir Putin sees some movement in negotiations to end hostilities in Ukraine. The Russian negotiators had informed about “certain positive changes” in the “practically daily” talks, Putin said on Friday.
However, many market participants remain sceptical. “I would caution that Putin has said a lot in recent weeks, and most of it was untrustworthy,” said Craig Erlam, an analyst at Oanda. There is little reason for optimism, even if markets are rising again, and he probably agrees with the majority on this view. Investors should better leave the church in the village. However, if the positive signals accumulate, then a recovery could actually begin on the markets.
With a view to individual values, the shares of the software group and SAP rival Oracle were in view. The company disappointed with a decline in earnings last quarter. The shares lost 2.7 percent.
Chinese companies listed on Wall Street include ridesharing company Didi. Its shares fell almost 30 percent to a record low since the IPO last summer. According to a report by the Bloomberg news agency, Uber’s counterparty has put plans for an IPO in Hong Kong on hold due to difficulties with Chinese authorities.
A production forecast by the electric car manufacturer Rivian, which is classified as weak and is making life difficult for supply chain problems, caused the share price to slide by 7.5 percent. That also meant a record low since the IPO in November 2021./bek/he
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