NEW YORK (awp international) – The New York stock exchanges continue their ups and downs on Friday with further fluctuations. Strong Apple numbers were a certain, but not sufficient, consolation for investors in times of interest rate concerns. The Dow Jones Industrial had already lost about one percent, but with 34,018.41 points it recently reduced its losses to 0.42 percent. The end result of a fickle week would be a 0.7 percent loss.
The US Federal Reserve’s tighter monetary policy has the stock market firmly in its grip and continues to unsettle investors. According to experts, some are courageous in the case of setbacks. After each recovery, however, the willingness to cash in increases quickly. “Volatility and risks have increased and that will remain so for the time being,” said Commerzbank investment strategist Chris-Oliver Schickentanz on Friday, also because of the Ukraine conflict.
The broader market S&P 500 fell just 0.03 percent to 4325.38 points on Friday. While Apple was able to come up with a record quarter and clear price gains, the technology-heavy Nasdaq 100 recently managed to gain 0.13 percent to 14,021.68 points. With more than three percent, he has given way so far this week.
Apple presented a strong quarterly report. With a price increase of 3.9 percent, the papers of the tech giant only subtly emphasized the overall market this time. Despite the global shortage of chips, the iPhone manufacturer once again achieved record figures in the Christmas business. According to the DZ Bank expert Ingo Wermann, it was shown that the existing supply bottlenecks were cushioned very well.
Visa shares were the largest Dow gainer at around 6 percent. The credit card group generated a jump in profit and sales in the fourth quarter. However, the statement that consumer spending is picking up again also had a supportive effect. There had recently been signs of this at competitor Mastercard, too, whose shares have now risen again by 3.2 percent.
At the bottom of the Dow, along with stocks of Boeing and 3M, each of which continued their downtrend by hitting lows for at least a year, a few companies also rallied by the numbers. After a record high the day before and a disappointing profit trend, Chevron’s shares fell by 4.5 percent.
However, Caterpillar held the red lantern in the Dow with a price slide of 5.4 percent. After the slump in profits in the first year of the pandemic, things went better for the construction machinery manufacturer in 2021. On the market, however, it was said that it was viewed critically that the group was expecting a drop in demand due to a slowdown in the construction sector./tih/he
–
