NEW YORK (dpa-AFX) – The US stock market gave way in early trading on Tuesday. Price data from the USA caused little reaction.
Der Dow Jones last fell 0.31 percent to 36,319.40 points. The day before, the leading index had reached another record high. The market-wide S&P 500 
fell by 0.21 percent to 4691.86 points. The tech-heavy Nasdaq 100 lost 0.20 percent to 16,304.06 points.
In the USA, producer prices remain at a high level. In October they rose by 8.6 percent compared to the same month last year. Analysts had expected that. Since the start of the calculations in 2010, there has been no higher increase.
Among the individual stocks, the focus was on General Electric (GE) with demerger plans. The papers of the industrial group gained around six percent. The management plans to split GE into three listed companies in the coming years: GE Aviation, GE Healthcare and a group that includes, among other things, the renewable energies, energy and digitization businesses.
The Biontech papers now lost more than two percent after their significant increase the day before. The corona vaccine manufacturer had surprisingly performed strongly in the third quarter.
The shares of PayPal sagged by more than ten percent. After the initial online shopping boom in the corona pandemic, business with the payment service is no longer quite as smooth. The figures for the three months to the end of September were below analysts’ expectations. In addition, PayPal lowered its annual targets.
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