NEW YORK (dpa-AFX) – The further falling bond yields gave the US standard values a boost on Wednesday. In contrast, the technology exchange Nasdaq paid tribute to its recent above-average development despite billions in investments by the chip giant Intel. Weak domestic economic data left investors cold.
An hour and a half after the start of trading, the leading index Dow Jones Industrial rose 1.04 percent to 32,760.20 points. The market-wide S&P 500 advanced 0.70 percent to 3937.78 meters. In contrast, the technology-heavy selection index Nasdaq 100 quickly gave up its initial gains despite strong semiconductor stocks and was most recently 0.01 percent stronger at 13,019.36 points. It had recently developed significantly better than the two standard value indices and thus made up some of its deficit since the beginning of the year.
After a friendly start to the week, the New York stock exchanges came under pressure late on Tuesday and went out of trading with losses.
In the midst of the global semiconductor shortage, Intel wants to expand production capacities and build two new factories in the US state of Arizona for around 20 billion US dollars. The shares of equipment manufacturers for the chip producers benefited significantly more from this than Intel itself: While the well-run Intel stocks recently maintained a plus of half a percent after a strong start, Applied Materials, Kla Corp and Lam Research recorded price gains of up to to over six and a half percent foremost places in the Nasdaq 100.
Adobe’s papers fared even worse than the Intel titles: After a friendly start, they paid tribute to the recent recovery with a minus of 0.9 percent, although the software developer himself had the highest analyst estimate with his annual target for earnings per share surpassed.
At the media group ViacomCBS, the prospect of a billion dollar capital increase weighed heavily on the course: The shares fell by almost 16 percent after they had already lost a good nine percent the day before.
The share certificates from Gamestop went down even more, at minus 21 percent. The retailer for computer games and entertainment software disappointed with its quarterly figures presented on Tuesday after the market closed and is also considering a capital increase. Before that, the shares had already lost around six and a half percent after the departure of the manager responsible for customer affairs, Frank Hamlin, became known./gl/he
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