Home » World » ROUNDUP / New York Equities Conclusion: Technology stocks under pressure – Dow unchanged

ROUNDUP / New York Equities Conclusion: Technology stocks under pressure – Dow unchanged

, which could not keep pace with the gains of the other indices the day before, closed the percentage unchanged at 35,754.69 points. For him there is a weekly plus of 3.4 percent so far.

The market said that investors still have concerns about the measures required against the Corona variant Omikron and its economic consequences. This curbs the recently noticeable optimism that infections are likely to be mild and that booster vaccinations are apparently effective. “There is still too much to learn about this variant to be able to draw firm conclusions,” said expert Craig Erlam of broker Oanda.

According to Deutsche Bank expert Jim Reid, a high level of transferability could be a problem, even if the course of the infection proves to be less severe. The expert warned on the basis of a rapidly increasing number of infections of a possibly increasing burden on the hospitals.

In addition, it was said on the market that investors acted rather wait and see before new inflation figures from the US on Friday. The development of inflation is particularly relevant for the monetary policy of the US Federal Reserve. The labor market is also a strong criterion for the monetary authorities. The weekly initial jobless claims fell on Thursday to their lowest level since 1969.

In terms of individual stocks, there was hardly any price-moving news on the Wall Street benchmark index, the Dow. The shares of Apple fell 0.3 percent with the tech sector. The day before, the iPhone company managed at the last minute to postpone an easing of the app store rules ordered by a court ruling.

Boeing suffered heavier losses in the Dow -Shares down 1.64 percent. After the recent recovery rally, they followed the falling aviation industry. Among the airlines, United Airlines shares fell , American Airlines and Delta Air Lines by up to 1.8 percent.

In the weak technology sector, the shares of the chip company Intel fell as the bottom of the Dow by 2.5 percent. Meanwhile, Tesla’s investors also suffered major losses with a minus of 6.1 percent. The course of the electric car manufacturer was only able to hold up just above the $ 1,000 mark.

However, the papers from CVS Health were in high demand , which are 4.5 percent more expensive. The retailer specializing in pharmaceutical products wants to distribute more money to its shareholders. This raised sentiment across the sector, the papers of the pharmacy chain Walgreens Boots Alliance rose 1.4 percent at the top of the Dow.

Otherwise the shares of the ailing video game retailer Gamestop fell negatively on – the share that caused a sensation at the beginning of the year with price fluctuations triggered by privately organized investors. The papers lost 10.3 percent on Thursday. They suffered above all from a quarterly loss that was higher than expected.

The Euro has fallen below the $ 1.13 mark again. Most recently, $ 1.1290 was paid. The European Central Bank (ECB) had set the reference rate at 1.1311 (previous day: 1.1299) dollars. The dollar cost 0.8841 (0.8850) euros.

US Treasuries rose. The futures contract for ten-year Treasuries rose 0.11 percent to 130.34 points. In return, the yield on ten-year government bonds fell to 1.49 percent./tih/jha/

By Timo Hausdorf, dpa-AFX

Source: dpa-AFX

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