Börse Express – ROUNDUP / Aktien New York Conclusion: Dow slightly up

NEW YORK (dpa-AFX) – The recent spike in the recovery on Wall Street was more cautious on Wednesday. Gas supplies to Europe continued to play a central role in exchanges, and the related concerns about international consequences that investors were unable to throw out of their heads. Based on good news from the Netflix streaming service However, stocks of technology companies on the Nasdaq Stock Exchange enjoyed positive interest.

The leading Dow Jones Industrial index had difficult times, eventually grew by 0.15 percent. up to 31,874.84 points The all-market S&P 500 gained 0.59 percent. up to 3,959.90 points Nasdaq 100 rose particularly significantly by 1.55 percent to 12,439.68 points. For all three indices, this was enough to reach the highest level in almost six weeks.

Euphoria from yesterday’s rumors about the continuation of Russian natural gas supplies has now been mixed with slightly more skepticism, which was particularly evident in the defaults. In addition to the first information on the volume of supplies, there were also new warnings from Moscow, so it was not clear how much gas would actually flow through the Nord Stream 1 pipeline from Thursday.

Wall Street investors were also concerned about the risk of a European gas crisis, even though the US is not dependent on Russian gas supplies. “Europe is a key trading partner for other large economies, so it is almost inevitable that the gas crisis in Europe will spread elsewhere,” said one expert.

The numbers presented by Netflix were characterized by a better than feared increase in the number of users. After the unstable start, the shares of the streaming service were becoming more and more positive, ultimately it was 7.4 percent. They managed to break the $ 200 line at the highest level since the end of April.

With the show’s new hits, the number of paid user accounts has dropped less than feared. The market said Netflix avoided the “worst case scenario”. “After losing a lot of customers in the first half of the year, the message for investors is: it could be worse,” the stockbrokers told. So far this year, the securities have recorded a fall in prices by almost two-thirds.

The titles of Dow-listed competitor Walt Disney also benefited from Netflix news who launched their own Disney + streaming service. The entertainment giant’s shares increased by 3.8 percent. Also Amazon
mixed with Prime services in this department, where securities increased by 3.9 percent.

Among the main stocks, Nasdaq Alphabet fell slightly from the rally – Shares with very small returns. Google operator Due to economic uncertainty, the search engine wants to refrain from hiring new employees for two weeks. He related this to similar statements recently released by Apple on.

There was generally a bad mood in the healthcare sector, and quarterly data, which has indeed been well rated, and the increased annual targets of Biogen pharmaceutical companies have also helped and Abbott
Not. Their securities fell by 5.8 percent and 1.6 percent, respectively.

Baker Hughes shares fell 8.3 percent.
in a generally poor environment for energy and utilities stocks. The oil services company disappointed with the quarterly data and with the statement that the demand outlook is likely to deteriorate in the coming months.

After three days of recovery, the euro gave up against the US dollar – partly because of political uncertainty in Italy, where Prime Minister Mario Draghi is on the brink of collapse. At USD 1.0176, the euro returned below USD 1.02. The European Central Bank (ECB) set the reference rate at USD 1.0199 (Tuesday: 1.0245).

In the US bond market, the 10-year treasury contract continued its losses this week. Recently lost 0.16 percent. to 117.78 points. In return, the yield on ten-year government bonds rose to 3.03 percent.

— Author: Timo Hausdorf, dpa-AFX —

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0333 2022-07-20 / 22: 38

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