NEW YORK (awp international) – After a good start to the week, the price recovery was already over on Tuesday. It was mainly the price losses of technology stocks that pushed the stock market indices down. The Dow Jones Industrial recently fell by 0.39 percent to 32,305.88 points. Here, the losses of the tech heavyweights Microsoft and Apple weighed on them.
The market-wide S&P 500 lost 0.63 percent to 3952.47 points. The Nasdaq 100 fell significantly more, down 1.21 percent to 12,520.23 points. Here, too, the discounts on index heavyweights such as Alphabet, Apple, Amazon and Microsoft had a negative impact.
In the Dow Jones Industrial, Walgreens shares were clearly at the top with a plus of 3.3 percent. The drugstore and pharmacy chain beat analysts’ expectations with earnings per share in the second fiscal quarter.
The papers of the transport service provider Lyft rose by 4.5 percent. Company founders Logan Green and John Zimmer retire from management. In mid-April, former Amazon and Microsoft manager David Risher is to take over the top post. However, Green and Zimmer remain on the board of directors, which overrides the board of directors. But they want to stay out of day-to-day business in the future.
The Chinese online trading giant Alibaba announced plans to split up. He wants to be divided into six parts and thus become a tech holding company. The move envisages the areas of online trading, media and cloud, which would examine corporate actions or IPOs at the appropriate time, the company said. The other three areas are local services, logistics and entertainment. Alibaba’s shares jumped 14 percent.
The shares of the media group Fox Corp suffered from a deleted buy recommendation from Bank of America. At the higher price level, analyst Jessica Reif Ehrlich no longer saw a price driver and lowered the shares from “buy” to “neutral”. Fox shares lost 2.8 percent./bek/he
