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MARKETS USA / Wall Street starts with losses – pensions in the red

NEW YORK (Dow Jones) – Wall Street started trading on Wednesday at a loss. Shortly after the start of trading, the Dow Jones index lost 0.6 percent to 35,613 points, the S&P 500 also fell 0.6 percent and the Nasdaq composite fell 0.9 percent.

Investors have a long range of economic data to digest in the run-up to Thursday’s Thanksgiving holiday, and the minutes of the latest Fed meeting will be released. Two main issues have slowed Wall Street recently. On the one hand, there are concerns about new infections in the corona pandemic and the restrictions imposed as a result, and on the other hand, high inflation, which could last longer than many expected. Companies, on the other hand, have had a splendid reporting season, but this topic is largely off the table.

“We have made fantastic profits, the bond market is normal, inflation has risen, but interest rates are very low,” said Tim Holland, chief investment officer at Orion Advisor Solutions. It is difficult for him not to be optimistic: “As long as interest rates are low and earnings are growing, it is very difficult not to invest in stocks.”

Flood of economic data

The GDP was communicated before the trade fair and was slightly weaker than expected. The weekly data on the labor market, on the other hand, showed strength, while incoming orders for durable goods were again weak. Still on the agenda are Personal Expenses & Income and the Michigan Consumer Sentiment Index.

Bonds are being sold in the bond market, albeit not as strongly as in the past few days. A high core PCE deflator is driving the ten-year return 1.8 basis points up.

The dollar is advancing again after pausing for a day. The US currency is being driven by the expectation of a tighter monetary policy. The dollar index increased by 0.4 percent. Little is happening in oil and gold at the moment.

HP fest

HP is 6.4 percent more expensive than the individual values. The computer manufacturer reported a sharp increase in PC sales and revenue for the fourth fiscal quarter.

For the papers from Dell Technologies, it is up 1.1 percent. The computer manufacturer exceeded expectations in terms of sales and net profit.

Autodesk lost almost 13 percent after the software manufacturer lowered its sales and profit forecast.

Deere increase by 4 percent, the agricultural machinery manufacturer has beaten sales and earnings forecasts.

Apparel retailer Gap reports delivery problems as factories are closed and ports clogged due to Covid-19. The share sags by 23 percent.

Nordstrom even fell by a good 24 percent. The retailer fell short of expectations in the third quarter.

A jury in the US state of Ohio has ruled that large retail chain pharmacies are partly responsible for the opioid crisis in two counties of the state. Walmart (+ 0.3%), Walgreens (-1.1%) and CVS (-0.3%) traded illegally.

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INDEX last +/-% absolute +/-% YTD

DJIA 35.613,06 -0.6% -200,74 + 16,4%

S&P-500 4.663,06 -0,6% -27,64 +24,2%

Nasdaq-Comp. 15.627,69 -0,9% -147,45 +21,3%

Nasdaq-100 16.149,71 -1,0% -157,01 +25,3%

US bonds

Maturity Yield Bp to VT Yield VT +/- Bp YTD

2 years 0.63 1.6 0.62 51.6

5 years 1.36 2.4 1.34 100.3

7 years 1.60 2.1 1.58 95.4

10 years 1.69 1.8 1.67 76.8

30 years 2.03 0.1 2.02 37.8

Forex last +/-% Tue, 8:30 Tue, 5:01 p.m.% YTD

EUR/USD 1,1197 -0,5% 1,1246 1,1262 -8,3%

EUR/JPY 129,13 -0,3% 129,19 129,51 +2,4%

EUR/CHF 1,0486 -0,1% 1,0495 1,0503 -3,0%

EUR/GBP 0,8395 -0,1% 0,8408 0,8425 -6,0%

USD/JPY 115,32 +0,2% 114,88 115,00 +11,6%

GBP/USD 1,3335 -0,3% 1,3373 1,3367 -2,4%

USD/CNH (Offshore) 6,3969 +0,1% 6,3895 6,3940 -1,6%

Bitcoin

BTC/USD 56,057.51 -2.6% 56,527.26 56,948.51 +93.0%

ROHOEL zuletzt VT-Settl. +/- % +/- USD % YTD

WTI/Nymex 78,32 78,50 -0,2% -0,18 +64,9%

Brent/ICE 81,93 82,31 -0,5% -0,38 +62,3%

METALS last previous day +/-% +/- USD% YTD

Gold (Spot) 1.782,84 1.789,27 -0,4% -6,44 -6,1%

Silver (spot) 23.49 23.65 -0.7% -0.16 -11.0%

Platinum (Spot) 978.83 973.85 +0.5% +4.98 -8.6%

Kupfer-Future 4,46 4,42 +0,7% +0,03 +26,5%

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DJG / raz / err

(END) Dow Jones Newswires

November 24, 2021 09:44 ET (14:44 GMT)

Reference-www.finanzen.at

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