NEW YORK (dpa-AFX) – Given ongoing concerns about the situation in the Middle East, investors on Wall Street acted cautiously on Thursday. The most important indices fell slightly after coming under significant pressure in the middle of the week. A rocket hit the Al-Ahli clinic in the Gaza Strip, the cause of which was still unknown, fueled fears of a further escalation of the conflict.
In early trading, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) fell by 0.06 percent to 33,645.48 points. The market-wide S&P 500 lost 0.19 percent to 4306.49 points. The NASDAQ 100 index, which is predominantly made up of technology stocks, fell by 0.20 percent to 14,879.87 points.
Diplomatic efforts to contain the conflict continued on Thursday. British Prime Minister Rishi Sunak once again assured Israeli Prime Minister Benjamin Netanyahu of Britain’s solidarity during a visit to Tel Aviv. However, military conflicts also continued.
On the penultimate trading day of the week, investors again paid more attention to monetary policy. Just two weeks before the next interest rate decision, Federal Reserve Chairman Jerome Powell left open the possibility of a further interest rate increase in the fight against high inflation. The decision on additional monetary policy tightening will depend on future economic data, further developments in the outlook and risks, Powell said during an appearance at the New York Economic Club. Additional indications of strong economic development could make an interest rate increase necessary.
On the corporate side, the reporting season continued to set the pace. Tesla shares (Tesla) attracted a lot of attention after a slump in profits and market expectations were missed. The electric car manufacturer had presented its figures for the past quarter the evening before.
Tesla is still suffering from the discount battle that he himself started, wrote stock market expert Konstantin Oldenburger from the trading company CMC Markets. According to industry expert Joseph Spak from the bank UBS, the group also dampened its expectations for 2024. Tesla’s shares fell by nine percent at the end of the Nasdaq 100.
It’s completely different with Netflix – investors there celebrated the latest quarterly report with a share price increase of a good 16 percent. This made the shares by far the biggest winner in the Nasdaq 100. The streaming provider has recently had successes because it is increasingly taking action against the sharing of access data, and a cheaper subscription with advertisements is also bringing the group an unexpected number of new customers.
In the S&P 500, shares in the telecommunications group AT&T rose by almost eight percent. The bank JPMorgan spoke of unexpectedly good indicators for sales and margins, and the outlook for free cash flow was also convincing./la/he
TRADE FOREX CFDS NOW WITH UP TO LEVERAGE 30
Trade Forex CFDs with small spreads. With just €100.00 you can trade with the effect of €3,000 in capital.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2023-10-19 18:04:38
#York #stocks #Investors #holding #due #situation #Middle #East
