Wall Street slows down; Tesla is doing good business | Financial

The Dow Jones index ends 0.3% lower at 33,059 points. The broad S&P is also heading 0.3% lower at 3,958 points. The Nasdaq technology fair keeps the damage limited to a minus of 0.1%.

This week the focus is on the ups and downs in the American labor market. On Wednesday, the ADP job report will be released on the private sector in the US. The official employment figures are scheduled for this Friday. Job growth is expected to pick up sharply in March due to the reduction of corona restrictions in many states.

President Biden may want to announce on Wednesday that the United States will invest between 3 trillion and 4 trillion dollars in infrastructure and the generation of green energy, among other things. That will probably be partly offset by a tax increase that should yield $ 3 trillion.

Good news came from the American housing market. House prices in the 20 largest cities have risen by 11% compared to a year earlier.

Chipmaker Intel, which already took a step back on Monday, turned red again with a drop of 1.1%.

The electric car manufacturer Tesla eliminates the loss and wins 4%. For smartphone manufacturer Apple, investors have 1.2% less.

Audio streaming service Spotify announced the acquisition of the company Betty Labs, the maker of the audio chat app Locker Room. With this, Spotify, which offers both music and podcasts, wants to compete with services such as game chat app Discord and Clubhouse. The stock closes 2.2% higher.

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