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Stocks New York: Disney pushes Dow Jones into the red – tech stocks in demand

Thursday, 11/11/2021 8:13 PM from

dpa-AFX

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The New York Statue of Liberty. New York is the stock exchange metropolis of the United States. pexels.com

NEW YORK (dpa-AFX) – A slump in the price of Walt Disney shares after disappointing business figures has the US leading index Dow Jones Industrial pulled into the red on Thursday. The Disney papers recently sagged by around six percent after they had previously given way by nine percent. Especially in the important streaming business with big names like Netflix and Amazon (Amazon share) rivals, things went worse than investors had hoped. The Dow Jones recently fell 0.38 percent to 35,944 points.

It looked better on the broad market. The S&P 500 rose by 0.14 percent to 4653.06 points. Tech stocks that had suffered from worries about inflation the day before were also in demand. Because: Should the US Federal Reserve have to tighten its monetary policy faster than expected in view of the high inflation, this would probably weigh on the high valuations of many tech companies in particular. The Nasdaq 100 with many technology stocks rose 0.46 percent to 16 059.77 points.

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