Looking at Big Tech stocks, chip maker Nvidia and streaming provider Netflix were nearing their all-time highs again before the trend faded. At the end of trading, Nvidia was up 0.80 percent, while Netflix was almost flat. Apple, Amazon, Microsoft, Meta and Alphabet gained between 0.4 and 1.6 percent.
At the bottom of the Dow, shares of McDonald’s slipped nearly three percent. The US health authority CDC had reported more cases of coliform outbreaks at the fast food chain.
Bank stocks also came under pressure after the financial institution New York Community Bancorp surprised its investors with a disappointing outlook. The bank’s securities rating fell by more than eight percent. In the Dow, JPMorgan fell a good one percent and Goldman Sachs more than two percent.
Among the best stocks in the S&P 500, Western Digital rose 4.7 percent. The specialist for data storage solutions presented quarterly figures and surprised with its adjusted earnings per share.
Colgate-Palmolive shares lost more than four percent. The consumer goods group benefited from generally good business with personal care and household products as well as pet food in the third quarter. However, experts point to disappointing sales in North America.
In the fashion sector, Capri Holdings fell by almost half after a judge blocked its planned sale to Tapestry, citing competition concerns. Tapestry rose 13.5 percent to top the S&P 500.
The euro lost much of the previous day’s gains and was trading at $1.0797. The European Central Bank had set the reference rate at 1.0825 (Thursday: 1.0801) dollars. So the dollar cost 0.9237 (0.9258) euros.
On the US bond market, the futures contract for ten-year US government bonds (T-Note Future) fell 0.24 percent to 111.02 points. Their yield rose accordingly to 4.24 percent./la/he
— By Lutz Alexander, dpa-AFX —
2024-10-25 20:41:00
#ROUNDUPStocks #York #Verdict #Nasdaq #data #Dow #falls
