Indices in this article
NEW YORK (dpa-AFX) – The US stock markets also went out of trading unevenly on Tuesday. While the standard values on Wall Street trended friendly, the technology exchange Nasdaq continued its correction path after the recent record rally. In the meantime, the market feared that monetary policy stimuli would be withdrawn faster than previously expected, it said.
The Dow Jones Industrial (Dow Jones 30 Industrial) closed with an increase of 0.55 percent at 35,813.80 points. For the market-wide S&P 500 it went up 0.17 percent to 4690.70 points. The Nasdaq 100, however, fell by 0.45 percent to 16,306.72 points, but made up more than half of its interim loss in late trading.
The fact that US President Joe Biden ordered the release of 50 million barrels of crude oil from the strategic reserve because of the rapid rise in energy prices was viewed positively by the Brsians. According to the information from the President’s Office, it is a coordinated action with countries such as China, India, Japan, South Korea and Great Britain.
Among the individual stocks, the shares of the video conferencing service Zoom (Zoom Video Communications) were the focus of investors with a price drop of almost 15 percent. In the past three months, the price has collapsed by more than 40 percent. After the boom in the corona pandemic, business is no longer flourishing as strongly. In the three months to the end of October, the proceeds rose by 35 percent. In the previous quarter the increase was 54 percent, in the previous quarter it was 191 percent.
The papers of Best Buy collapsed in spite of a strong third quarter and slightly raised annual targets of the retail chain by a good 12 percent. The shares of the consumer electronics company had only reached a record high the day before at just under 142 US dollars.
After strong profits on Monday, it went down more than 12 percent after the submission of the quarterly report for the papers of the fashion company Abercrombie & Fitch (AbercrombieFitch).
The euro could not quite maintain its higher level from the late European business and crumbled somewhat in the US business. Most recently, the common currency cost 1.1249 US dollars. The European Central Bank (ECB) had set the reference rate at 1.1259 (Monday: 1.1278) dollars.
US Treasury bond prices continued to fall. The futures contract for ten-year Treasuries (T-Note-Future) fell by 0.24 percent to 129.69 points. In return, the yield on ten-year government bonds rose to 1.66 percent./edh/he
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