Investors expect the Fed to raise rates soon.
(Photo: Reuters)
Frankfurt Investors took profits on technology stocks on the New York Stock Exchanges on Thursday. The Nasdaq 100 lost 1.49 percent to 16,149 points. The tech values barometer still gained 2.8 percent this week. The market-wide S&P 500 also lost 0.72 percent on Thursday to 4667.45 meters.
The Dow Jones Industrial, which was unable to keep pace with the gains of the other indices the day before, closed unchanged in percentage terms at 35,754 points. For him there is a weekly plus of 3.4 percent so far.
The market said that investors still have concerns about the measures required against the Corona variant Omikron and its economic consequences. This curbs the recently noticeable optimism that infections were probably rather mild and that booster vaccinations are apparently effective. “There is still too much to learn about this variant to be able to draw firm conclusions,” said expert Craig Erlam from broker Oanda.
Look at the individual values
CVS Health: The drugstore operator raised both its outlook for 2021 as a whole and its profit forecast for the following year. The company is also planning a $ 10 billion share buyback program. The shares rose 4.52 percent.
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Game stop: Shares were down 10.06 percent after the video game retailer posted a larger loss than last year. The company also announced that the SEC had issued a subpoena in August to trade its shares. The Gamestop paper has slipped by more than 20 percent in the past four weeks.
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Apple: The enterprise won an appeal court decision. The game company Epic wanted to sue for its own app store on the iPhone – and failed. A side effect in the process were new ways for app developers to inform users about cheaper payment methods outside of the Apple platform. But this is now also on hold.
Apple is still creeping up to the $ 3 trillion mark in market value. It would have been reached at a share price of $ 182.86. On Thursday the titles gained one percent and mark a record for the third day in a row with the preliminary daily high of $ 176.75. If they rise by a further three percent, Apple will be the first company to break this sound barrier. At the close of trading, the paper was 0.3 percent in the red.
Lucid Group: The shares fell 18.34 percent. The electric vehicle maker has announced an offer to buy convertible bonds worth $ 1.75 billion.
Yum Brands: The parent company of the restaurant chains KFC, Pizza Hut and Taco Bell was upgraded from “neutral” to “overweight” by the analysis company Atlantic Equities. Atlantic Equities sees the potential for increasing returns and names Yum as its preferred stock in the fast food category. Yum stocks rose 1.05 percent.
FuboTV: The video streaming company was classified as “overweight” in a new study by the US bank JP Morgan, the analysis being based on the sports-oriented offers from Fubo as a differentiating factor. The share initially rose 4.5 percent, but was more than four percent in the red at the close of the market.
More: Twelve stocks that investors can use to invest in the future.