NEW YORK (dpa-AFX) – Investors on the US stock exchanges responded to the news of the end of the government shutdown with losses on Thursday. The Nasdaq stock exchange was hit particularly hard with the technology stocks concentrated there, but standard stocks also suffered after the previous day’s record set by the Dow Jones Industrial US2605661048 under pressure again. There is now uncertainty among investors regarding the economic situation and further interest rate cuts by the US Federal Reserve.
The Dow lost 1.34 percent to 47,610 points with two hours to go. The leading index slipped back below the 48,000 point mark, which it had clearly left behind on Wednesday. Recently, the US leading index had performed better than its index colleagues and this was the case again on Thursday. During the S&P 500 US78378X1072 The Nasdaq 100 fell by 1.62 percent to 6,740 points US6311011026 by 2.26 percent to 24,940 points.
The “Magnificent 7“, i.e. the seven best-known tech giants, all of which recently lost at different rates, are considered a symbol of the Nasdaq, which is under pressure. Their high rating is further questioned. Tesla shares were hit hardest US88160R1014 with a price slide of 7.6 percent, followed by Nvidia US67066G1040 with a price loss of almost five percent. The iPhone manufacturer Apple was only slightly in the red US0378331005.
As far as the so-called shutdown is concerned, US President Donald Trump put the interim budget into effect. After the end, stock market traders would have to expect that there could be poor economic data from the USA again, said market expert Andreas Lipkow. In the past few weeks, many important key figures have been canceled due to the government blockade, including the job reports, which are particularly important for the Fed.
There were positive and negative values in the Dow. Cisco shares were at the top US17275R1023which increased by 4.8 percent. After a surprisingly good first quarter, the network supplier is looking more positively at the entire financial year. JPMorgan analyst Samik Chatterjee wrote that the outlook exudes confidence in key areas.
Walt Disney’s shares fell as the biggest Dow loser US2546871060 by almost eight percent. The entertainment giant’s fourth quarter revenue missed analysts’ expectations. In addition, high costs for new films are likely to weigh on the current quarter, the company said.
Bei Nike US6541061031 An analyst comment moved the price further up. The sporting goods company’s titles are heading for their third day of profit in a row, with a recent increase of 2.6 percent. They benefited from an upgrade to “Overweight” by the major bank Wells Fargo.
