NEW YORK (awp international) – US stock markets are heading for a friendly open on Tuesday. However, mixed data from the real estate industry and negatively received company figures put limits on the willingness to buy.
Three quarters of an hour before the start of trading, broker IG assessed the leading index Dow Jones Industrial 0.6 percent higher to 31,266 points and the technology-heavy Nasdaq 100 0.9 percent up to 11,984 points. At the beginning of the week, both indices had slipped into the red at the end and had thus failed to build on their stabilization from Friday.
The US construction industry also developed weakly in June. The number of new houses started and the number of building permits both fell. But while an increase in housing starts had been expected, the decline in permits was less than feared.
At Johnson & Johnson, it was enough for a pre-market price increase of 1.2 percent, although the healthcare group lowered its annual targets for the second time due to the strong US dollar – this also slowed down sales growth in the second quarter. Higher tax provisions and rising costs also caused net profit to fall by almost a quarter. However, the adjusted earnings per share, which has received much attention from the analysts, turned out better than expected.
The world’s largest aviation and armaments group, Lockheed Martin, is also looking at the current year more cautiously than before. The past quarter was not least influenced by supply chain problems, it said. The shares fell by three and a half percent, which also affected the competitors Northrop Grumman and Raytheon: Their papers were cheaper by two and one percent.
According to numbers, IBM recorded a price slide of five and a half percent. The computer dinosaur was able to significantly increase sales in the second quarter thanks to strong demand for cloud software and IT services. Overall, the numbers were well above analysts’ expectations. But the strong US dollar, without which revenues would have risen even more sharply, meant that the outlook for the year was only subdued.
The shares of the Chinese travel service provider Didi, which are listed in New York, fell by 0.3 percent and thus comparatively moderately. In the smoldering dispute between the Uber competitor and the Chinese authorities over data security, an agreement is emerging. Supervisors could fine Didi the equivalent of over $1 billion, the Wall Street Journal (“WSJ”) reported, citing people familiar with the process. But Didi could then get the green light for the planned second listing in Hong Kong.
At Netflix, investors were already giving out some advance laurels, as the pre-market price gain of one and a half percent showed. The streaming service presents its interim report after the stock exchange closes./gl/mis
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