The major US stock market indices barely moved from their previous day’s closing figures on Tuesday. The Dow Jones Industrial remained stable at 41,229.48 points. A slight increase was recorded in the technology-heavy Nasdaq 100, which closed at 19,533.77 points. The broad-based S&P 500 stagnated at 5,619.11 points. The latest consumer confidence in the US had neither a positive nor a negative impact on the markets, although the mood in August was better than expected.
Particular attention was paid to Nvidia’s upcoming quarterly figures, which the chip manufacturer will publish after the stock market closes on Wednesday. Nvidia, known for its cutting-edge AI chips, is a major player in the market and influences stock markets globally. On Tuesday, Nvidia’s share price recorded a moderate increase.
In the healthcare sector, Eli Lilly made headlines. The company announced that it would sell the popular weight-loss drug Zepbound in disposable bottles at a reduced price – a measure designed to circumvent supply chain problems. This announcement resulted in Eli Lilly’s share price gain of 1.5 percent.
In contrast, there were losses in the media sector. Paramount Global lost 5.7 percent after an expected bidding war failed to materialize. David Ellison’s production company Skydance won the contract, while media manager Edgar Bronfman surprisingly withdrew his counteroffer.
The beverage sector once again demonstrated its stability. Coca-Cola was able to continue its record course and gained another 0.8 percent. Financial services provider Morgan Stanley now rates Coca-Cola as the favorite in the beverage sector, replacing the previous leader Pepsico, whose shares remained unchanged.
