NEW YORK (dpa-AFX) – The US stock exchanges are heading for a recovery on Thursday. A price firework at the Facebook parent company Meta (Meta Platforms (ex Facebook)) is considered the driver for particularly significant gains among tech stocks, which had recently slipped sharply. The broker IG valued the NASDAQ 100 selection index, which is characterized by this, an hour before the start of the stock market, 1.7 percent higher at 13,218 points. The Dow Jones Industrial (Dow Jones 30 Industrial) was seen up 0.6 percent at 33,513 points.
According to capital markets strategist Jürgen Molnar of broker RoboMarkets, positive news from Meta may have what it takes to help the Nasdaq stock bottom. The Nasdaq 100 index recently fell below the 13,000 point mark at its lowest level in a year. After the market closes, the next figures from the tech industry giants Amazon, Apple and Intel are expected.
Because the number of Facebook users increased significantly again at the beginning of the year after a recent slump, the papers of the social media giant Meta rose by 15 percent in pre-market trading. DZ Bank expert Ingo Wermann spoke of a “rally of relief” and then gave up his previous sell recommendation. According to Evercore ISI analyst Mark Mahaney, the rating of the paper has “now become downright ridiculous” for a leading global social media platform.
There was also relief in the tech industry because of strong numbers from QUALCOMM. A strong position in the smartphone market had brought the chip company, which is geared towards the telecoms sector, rapid growth in the past quarter, with shares rising by 6.3 percent. Experts therefore consider price gains in the diversified US chip sector to be likely. The shares of the payment service provider Paypal also increased by 2.6 percent according to figures.
The earnings season also continued among Dow members with agendas packed to the brim. However, there was more mixed news here overall. McDonald’s (McDonalds) and Merck & Co (Merck) posted pre-market price gains of 1.1 and 1.7 percent. The fast-food chain posted better-than-expected quarterly profits, and the drugmaker’s raised full-year targets were well received.
However, the shares of Caterpillar and Amgen had a negative impact, with the latter falling particularly significantly by 3.5 percent. Despite a surprisingly significant increase in sales in the first quarter, the biotech company is sticking to its annual revenue forecast, disappointing its investors. Worries about an impending back tax payment added to the burden.
Ford (Ford Motor) was still convincing from the second row of stock exchanges with a surprisingly confirmed outlook, here the shares increased by 1.4 percent. Barclays analyst Brian Johnson spoke of a recovery given previously very low expectations. The tool manufacturer Stanley Black & Decker (Stanley BlackDecker), on the other hand, conceded its previous targets, which weighed on the shares by 7.2 percent premarket./tih/jha/
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