Frankfurt The US stock exchanges failed to find a common direction on Thursday. Dow Jones index of the default values closed 0.4 percent lower to 35,921 points. The technology-heavy Nasdaq, however, advanced 0.5 percent to 15,704 points. The broad S&P 500 gained a moderate 0.1 percent to 4649 points.
The day before, accelerated inflation in America had depressed investor sentiment. The US inflation rate rose surprisingly sharply by 6.2 percent in October, the highest level in 31 years. “But investors are able to look beyond the near future and say, ‘We just have more demand than supply,'” said Arthur Hogan, chief market strategist at National Securities. “And that’s probably a good thing for future earnings growth.”
There was positive news for the stock exchanges from China. According to insiders, the ailing Chinese real estate developer Evergrande made interest payments on a bond shortly before the grace period expired. That alleviates the fear of investors of bankruptcy, said Jürgen Molnar, capital market strategist from the broker RoboMarkets. Evergrande shares rose nearly seven percent in Hong Kong.
Wall Street expert Koch: “Tech values could experience a comeback – but Disney disappoints”
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Tesla: A share sale by Tesla boss Elon Musk caused a lot of talk. He sold roughly $ 5 billion worth of shares after voting over a possible share sale on Twitter over the weekend. Tesla papers were recently down 0.4 percent. After hitting a record high of $ 1,243 last week, Tesla shares briefly slipped below the $ 1,000 mark on Wednesday. Since the beginning of the year, the share has gained around 50 percent in value. Tesla is therefore worth more than a trillion dollars on the stock exchange – an umpteen times the market capitalization of the German automakers BMW, Daimler and Volkswagen combined.
Rivian: One day after the successful stock market debut, Rivian’s soaring continued. The shares of the electric car maker, supported by Amazon and Ford, climbed up to 24 percent to $ 125. The IPO also pulled other stocks from the industry up with it. The shares of Nio and Fisker gained six percent and 16.4 percent respectively.
Walt Disney: Walt Disney papers, on the other hand, came under pressure after weaker than expected business figures and sagged by around seven percent. The entertainment giant’s streaming business in particular disappointed investors.
Fossil: Strong sales growth sent Fossil shares soaring. The watchmaker’s papers gained around 23 percent. The group expects global net sales to increase by 19 percent in 2021, compared to 17 percent previously expected.
Bumble: The dating app’s shares fell around 20 percent. The company reported a loss of six cents per share. Analysts hadn’t expected a loss, but earnings were better than expected.
Boeing: Investors were betting on a larger aircraft order. The titles of the US group gained around one percent. According to a report by the Bloomberg agency, the Indian billionaire Rakesh Jhunjhunwala and his start-up Ariline Akasa Air could be interested in Boeing planes. This involves 70 to 80 737 MAX jets.
Honest: Hollywood star Jessica Alba’s company Honest, which specializes in ecologically harmless baby hygiene, also surprised positively with growth that exceeded expectations. The shares gained more than ten percent. In the largest division of diapers and wet wipes, quarterly sales climbed by 16 percent, while the brand, which has been listed on the stock exchange since May, rose by 28 percent for care products.
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