NEW YORK (dpa-AFX) – After the clear losses of the previous day, investors on the US stock exchanges remain tense due to the geopolitical tensions in Eastern Europe. An early recovery was quickly ended on Wednesday as reports of cyberattacks targeting Ukrainian ministries circulated. After an early rise of up to 0.7 percent, the Dow Jones Industrial (Dow Jones 30 Industrial) was down 0.60 percent at 33,394.75 points after two hours.
At the beginning, according to statements by Russian President Vladimir Putin, there was still vague hope that a search for diplomatic solutions was conceivable. However, investors were quickly unsettled again by a report that government and bank websites in Ukraine had again been attacked by hackers. The sanctions with which Western countries reacted to Russia’s latest steps are also a point of contention. US President Joe Biden announced new measures.
Further discussions about possible solutions are also difficult. A planned meeting with his Russian colleague Sergey Lavrov was canceled by US Secretary of State Antony Blinken and the White House is not planning a personal summit between Biden and Putin for the time being. The United States continues to expect a large-scale attack by Russia on neighboring Ukraine.
Against this background, investors quickly got cold feet again after the positive start, also on the broad US market. After turning negative, the S&P 500 widened its losses with 4268.87 points to 0.83 percent most recently. The technology-heavy NASDAQ 100 even dropped by 1.26 percent to 13,696.07 points.
From an industry perspective, oil stocks were particularly in demand again on Wednesday, which, as is so often the case, was due to the development of oil prices. Declining at times, they recently picked up again due to reports of cyber attacks. Chevron were once again a beneficiary at the top of the Dow with an increase of 2.5 percent. ExxonMobil and ConocoPhillips were also up in the broader market.
Otherwise, the eyes were directed to the retail sector with further figures. Home improvement retailer Lowe’s beat Wall Street sales expectations and raised this year’s outlook – delighting its investors too, with shares up 2.6 percent. With TJX Companies (TJX Cos), another retail chain group did not receive positive feedback for its quarterly report, the shares dropped by 4.2 percent.
Tesla shares continued their recent downtrend on the Nasdaq. After a brief excursion below $800 in late January, they have now traded even further below that level. At its lowest level since October, the minus for the electric car manufacturer was 4.5 percent.
Among the small caps, the biopharmaceutical company Kodiak Sciences made negative headlines with a share price drop of 80 percent. A study of a drug used to treat age-related macular degeneration failed to meet a primary endpoint. Analyst Anita Dushyanth from Berenberg Bank was disappointed after encouraging results in a previous study phase./tih/he
–
TRADE FOREX NOW WITH UP TO 30 LEVERAGE
Trade forex with high leverage and small spreads. With only €100.00 you can benefit from the effect of €3,000 in capital.
–
72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
–
–
