Wall Street mitigates damage; joy deal AT&T and Discovery soon over | Financial

The Dow Jones index ends 0.2% lower at 34,326 points. The broadly composed S&P 500 drops 0.3 percent to 4162 points and tech exchange Nasdaq loses 0.4% top 13,379 points.

Investors were slightly less positive at the start of the new week than at the end of last week when there was a strong recovery. Among other things, weaker than expected figures on Chinese retail sales weighed on sentiment. Investors are also looking ahead to the release of the Fed minutes later this week. This may clarify a little more about how central bank policymakers think about inflation and a possible interest rate hike.

Telecom concern AT&T says goodbye to its media division TimeWarner. It is set on its own feet and merges with Discovery, the media group behind TV channels such as Discovery, TLC, Oprah Winfrey Network and Eurosport. AT&T will receive $ 43 billion from the new company and 71 percent of its shares. The telecom group will distribute this among its own shareholders. Discovery will own 29 percent of the merged company. AT&T (-5%) was initially set sharply higher, but saw profits evaporate quickly. Discovery saw a sharply higher opening turn to a minus of 5%.

Apple (-0.9%) announced that users of its music streaming service Apple Music will be able to listen to higher quality music from next month without paying extra. Amazon (plus 1.7 percent) also entered that market by making its most expensive streaming subscription cheaper.

Tesla has to give up 2.2%. Elon Musk, CEO at the electric car manufacturer, tweeted the digital currency, which the company entered for $ 1.5 billion at the beginning of this year, down hard.

Cruise line Carnival also managed to draw attention to itself. The group wants to start offering cruises again this summer from ports in Europe and the Caribbean. Investors were not very enthusiastic. The share is gaining 1.1%.

The euro was worth $ 1.2147 against $ 1.2132 on Friday. A barrel of American oil became 0.6 percent more expensive at $ 65.75. Brent oil cost 0.5 percent more at $ 69.09 a barrel.

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