NEW YORK (dpa-AFX) – On Tuesday, the technology stocks on the US stock exchanges should initially build on their clear gains from the previous day and continue to rise. Sophie Lund-Yates, an equities analyst at wealth manager Hargreaves Landsdown, commented that the latest economic data underscored the resilience of the economy, bolstering the notion of a soft landing for the economy. This creates an environment in which technology stocks can thrive better, and this general optimism is spreading across global markets.
Around three quarters of an hour before the start of trading, broker IG estimates the NASDAQ 100 tech index to be up 0.81 percent at 15,057 points. The Dow Jones Industrial (Dow Jones 30 Industrial) is expected to be 0.31 percent higher.
Among the individual stocks, the focus is on Microsoft. The software group is making a new attempt to get the takeover of the video game giant Activision Blizzard through with British competition watchdogs. The new plan includes assigning the cloud gaming rights to the games group Ubisoft (Ubisoft Entertainment) for 15 years.
Microsoft’s shares were flat in US premarket trading, while Activision’s rose 1 percent. In Paris, Ubisoft’s shares recently rose by almost nine percent.
The shares of Baidu (Baiducom) rose by a good four percent before the market. The Chinese search engine operator, which is listed in New York, had surprisingly increased its sales in the past quarter. The company is among China’s largest internet companies, returning to growth after the Beijing government eased its grip on the private sector to boost the faltering economy.
The focus also remains on the chip group NVIDIA, whose shares had recovered significantly the day before. The company benefits from the AI boom. The quarterly figures expected after the trading day on Wednesday must then show whether the recently rapidly increased expectations are justified./la/mis
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2023-08-22 12:52:38
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