Wall Street: New York stock exchanges cannot find a common direction
Frankfurt, New York The US exchanges failed to find a common direction on Tuesday with thin sales. The Dow Jones index of standard values rose by 0.2 percent to 36,390 points by early afternoon in New York. The broad US S&P 500 index, which initially marked a record high for the second day in a row, dropped 0.2 percent to 4782 points. The technology-heavy Nasdaq fell 0.5 percent to 15,782 jobs.
The waning fear of a setback for the global economy had initially lured more investors to Wall Street. The latest recovery has been driven by reports that the Omicron variant of the coronavirus is more contagious, but leads to fewer hospital stays and fewer deaths, said analyst Charalambos Pissouros from brokerage company JFD. In late trading, however, profit-taking began.
On the raw material markets, the economic optimists were also in the majority. The US crude oil type WTI rose 0.5 percent to 79.02 dollars per barrel (159 liters). On the Chinese market in Shanghai, copper cost 70,870 yuan (11,124 dollars) per ton at times, as much as it was last five weeks ago. The London metal exchange LME remained closed due to the Christmas holidays, as it had already been on Monday.
Bitcoin course is giving way
Bitcoin investors, on the other hand, cashed in. The oldest and most important cyber currency lost six percent to $ 47,938. The longer-term prospects for cryptocurrency remained rosy, said Naeem Aslam, chief market analyst at brokerage firm AvaTrade. Eventually, more and more institutional investors were pumping money into this asset class.
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Against this background, values from the cryptocurrency sector and companies that deal with the blockchain technology underlying Bitcoin & Co flew out of the depots. The shares of Coinbase, Riot, Marathon, Overstock and Silvergate fell by up to 11.5 percent.
Among the winners were Boeing with a share price gain of 1.4 percent. Three years after the crash of a passenger jet on the Indonesian airline Lion Air, the affected Boeing 737 Max is allowed to fly again in the South Asian country.
The shares of Apple started again to be the first stock worldwide to break the sound barrier of three trillion dollars in market value. That point is reached at a stock price of $ 182.86. In the course of trading, however, the shares fell 0.5 percent to $ 179.28.
Look at further individual values
ADDvantage: Thanks to a jump in sales, the shares of the mobile communications supplier will see the biggest price jump in half a year. ADDvantage titles rose 16 percent. Because of the upgrade of the cellular networks to the 5G standard, the company reportedly earned 19.7 million dollars in the past quarter, 61 percent more than in the same period of the previous year.
Kiniksa: Disappointing test results for a drug for the treatment of corona patients push the shares of the pharmaceutical company to their lowest level in a good two years. They drop by around eight percent to less than twelve dollars. According to Kinksa, the drug failed to achieve its goals in clinical trials.
Vipshop: The prospect of quarterly sales below market expectations is affecting Vipshop. The shares of the Chinese online discounter listed in the USA fell by around five percent. The company expects revenues of the equivalent of 4.7 to five billion euros for the fourth quarter. “The surprisingly mild weather in December dampened the demand for winter clothing,” writes analyst Thomas Chong of the Jefferies investment bank. In addition, there would be the adverse effects of the coronavirus pandemic, which flared up again.
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