Indices in this article
NEW YORK (dpa-AFX) – Driven by the good reporting season, the latest record hunt on the New York stock exchanges continued on Tuesday. After a seven-week dry spell on the NASDAQ 100, it now also recorded the technology-heavy selection index, which rose to almost 15,711 points in front of a crowd of quarterly figures from large US tech companies. In general, however, the momentum in the New York indices declined noticeably. At the end of the day, the Nasdaq index gained 0.29 percent to 15,559.49 points.
The indices, which are more focused on standard values, were able to continue their rally; they have been climbing from record to record for days. The Dow Jones Industrial (Dow Jones 30 Industrial) meanwhile moved close to 35,900 points, but was only able to make it to the finish line with a marginal plus. In the end, he still won 0.04 percent to 35,756.88 points. The market-wide S&P 500 remained on Tuesday with 4574.79 meters with 0.18 percent in the plus.
The rise in the Nasdaq barometer was led by a sustained record rally at the chip company NVIDIA, whose shares temporarily exceeded the $ 250 mark for the first time. The price recently increased by 6.7 percent. Tesla was also able to continue its rally early on, with a run up to the $ 1,100 mark. But then profit-taking set in, the price slipped 0.6 percent into the red.
The corporate reporting season is well underway – and stockbrokers noted that it has delivered more good news than bad news so far. According to the experts from the chart technology magazine Index-Radar, the Dow is now within reach of 36,000 points. However, the recently dominating inflation, growth and corona worries remained with investors.
The day before, the post-market figures from Facebook were already available, but they did not go down well with investors: the price slipped 3.9 percent to its lowest level since May. In the third quarter, the group missed the analysts’ expectations in terms of sales. It didn’t help that $ 50 billion in share buybacks were announced.
The investors in the parcel service UPS (United Parcel Service) fared significantly better, with strong demand resulting in a surprisingly strong jump in profit. The share certificates of the logistics company, who is also becoming somewhat more optimistic for the current year as a whole, advanced by seven percent. In the meantime, they have reached record levels.
With General Electric, a US industrial icon also increased its annual targets after a better-than-expected third quarter. The price benefited from this with an increase of two percent. At times, the stock hit the $ 110 mark, its highest level since mid-June.
The shareholders of the defense and aviation group Lockheed Martin, on the other hand, had to accept a price slide of 11.8 percent because the company expects a decline in sales in 2022. This also included other industry values such as Boeing, which was one of the worst Dow values with minus 1.4 percent.
The shareholders of Intel in particular suffered even greater losses in the Dow. After a downgrade to “Market-Perform” by the experts from BMO Capital, the shares of the chip company continued their downward slide with a price slide of 2.3 percent – in complete contrast to those of the competitor Nvidia. Briefly, less than $ 48 were paid for the shares on Tuesday, which was an annual low.
Last but not least, an abandoned takeover project caused movement. The investors of the betting company DraftKings reacted with relief that a final offer for the British competitor Entain was not made. The Draftkings course increased by 4.1 percent.
The euro hovered around the $ 1.16 mark on Tuesday. Most recently, $ 1.1599 was paid in the New York trade. The European Central Bank (ECB) set the reference rate at 1.1618 (Monday: 1.1603) dollars. The dollar cost 0.8607 (0.8619) euros.
US Treasuries continued to perform robustly on Tuesday. The futures contract for ten-year Treasuries recently rose 0.04 percent to 130.61 points. In return, the yield on ten-year paper fell to 1.61 percent./tih/he
— By Timo Hausdorf, dpa-AFX —
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