ROUNDUP / Aktien New York Conclusions: After a good start, the indices are still clearly in the red | News

NEW YORK (dpa-AFX) – Investors lost their willingness to take risks, which had intensified recently. After a significant rebound on Friday, the New York stock indices started with further gains, but investors returned to the defensive during the year. The well-received data from the Goldman Sachs investment bank did not help the entire market in the long run.

The Dow Jones Industrial (Dow Jones 30 Industrial) index fell 0.69 percent. After a daily gain of almost 31,645 points, the highest since late June, the New York leading index crossed the finish line almost 600 points lower to 31,072.61 points. The broader S&P 500 index fell 0.84 percent to 3,830.85 points, while the high-tech NASDAQ 100 fell 0.89 percent to 11,877.50 points.

According to experts, the propensity to take risks only improved for a short time, with no tangible better news. Economic risk remains high and high inflation must continue to be combated. Another overall burden is the uncertainty of Russian gas supplies to Europe. Apple was also considered to be a burden on austerity plans.

With Goldman Sachs and Bank of America, other major US banks released their quarterly figures, which were well received, at least by Goldman investors: investment bank shares defended plus 2.5 percent and led the Dow rankings. The bank performed better than expected despite falling profits.

Against this backdrop, the environment for the stocks of large US banks was generally fairly solid, and Bank of America was still doing a thin plus according to the figures. Investors overlooked the fact that the financial institution’s profit fell short of expectations. According to UBS expert Erika Najarian, the quarter was better than it initially seemed.

The red symbol of the return was Apple shares, which after a positive start closed by 2.1 percent. Here in the market it is said that the price increases have been offset by a report by a circle that the iPhone maker will cut spending and staffing in certain areas in the coming year to deal with the economic downturn.

Tailwind is missing in Boeing, they closed almost unchanged. At times, the newspapers were fueled by the fact that the aircraft manufacturer had tied up orders for the Farnborough Air Show in the UK – including 100 737 Max medium-haul aircraft from Delta Air Lines.

Overall, oil values ​​were again in high demand. Chevron gained 1.4 percent in the Dow as oil prices rose again. It was rumored that the exchange prices of the energy carrier rose in line with the general improvement in investor sentiment. Additionally, the US dollar lost weight in trading with other major currencies.

Additionally, two actions stood out following analysts’ comments. Chesapeake Energy increased by 4.3 percent. following a buy recommendation from Goldman Sachs. In the study, Umang Choudhary was generally optimistic about natural gas producers such as the Chesapeake.

Thanks to Expensify (Expensify A), the shares of the second line increased by 12.3%. An expense management software company was recommended for purchase by Bank of America – not least because of its promising focus on expense management.

The euro, which fell below par recently, has recovered significantly. On Monday, the single currency peaked at $ 1.0201, with a recent payment of $ 1.0144. The European Central Bank (ECB) set the reference rate at USD 1.0131 (Friday: 1.0059). The dollar thus cost 0.9871 (0.9941) euros.

US government bonds gained somewhat in favor of investors. The 10-year treasury bond futures contract fell by 0.25 percent. up to 118.34 points In turn, the yield on ten-year treasury bonds increased to 2.97%. Sometimes it was just over 3 percent./tih/he

— Author: Timo Hausdorf, dpa-AFX —

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