NEW YORK (dpa-AFX) – Investors in the US stock market were ultimately afraid of their own courage on Wednesday. The leading index Dow Jones Industrial gradually gave up its gains in the last two hours of trading and in the end barely moved with a minus of 0.01 percent to 32,420.06 points.
The S&P 500, which was also friendly for a long time, closed 0.55 percent lower at 3889.14 points. The technology-heavy selection index Nasdaq 100 even fell by 1.68 percent to 12,798.88 points. It had already paid tribute to its recently above-average development, with which it has made up some of its deficit on the two standard value indices since the beginning of the year.
On Tuesday, the New York stock exchanges also came under pressure late and went out of trading with losses.
Meanwhile, 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. However, only the stocks of equipment manufacturers for the chip producers benefited from this: While the well-run Intel stocks fell 2.3 percent after a strong start and were thus one of the biggest Dow losers, Applied Materials and Lam Research posted price gains of four and one and a half percent up places in the Nasdaq 100.
Adobe’s papers fared just as badly as the Intel titles: After a friendly start, they paid tribute to the recent recovery with a minus of almost two percent, even though the software developer exceeded even the highest analyst estimate with its annual target for earnings per share .
At the media group ViacomCBS, the prospect of a billion dollar capital increase weighed heavily on the course: The shares fell by around 23 percent after they had already lost a good nine percent the day before.
With a loss of more than a third in value, the gamestop share certificates fell a little more. 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.
In contrast, the gaming company Bally’s benefited with a price increase of over two and a half percent from the planned takeover of the London-listed online software developer Gamesys. Both companies agreed on a purchase price of two billion pounds.
The euro tied on its previous day’s losses and last cost 1.1810 US dollars in New York. Before that, the European Central Bank (ECB) set the reference rate at 1.1825 (Tuesday: 1.1883) dollars and the dollar cost 0.8456 (0.8415) euros.
After a cautious start to trading, US government bonds continued their latest upward trend: The futures contract for ten-year Treasuries (T-Note-Future) turned positive and most recently rose by 0.06 percent to 132.10 points. In return, the yield on ten-year government bonds fell to 1.61 percent and thus fell for the third day in a row. / Gl / he
By Gerold Löhle, dpa-AFX
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