ROUNDUP / Aktien New York Conclusion: Slightly up – Netflix supports Nasdaq | News

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. Backed by good news from the Netflix streaming service, the technology’s listing on the Nasdaq stock exchange was positive, however.

The leading Dow Jones Industrial index (Dow Jones 30 Industrial) struggled, eventually gaining 0.15 percent. up to 31,874.84 points The market-wide S&P 500 index gained 0.59 percent. up to 3,959.90 points The 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 Walt Disney’s competitor, which is listed on Dow and created its own streaming service from Disney +, also benefited from Netflix news. The entertainment giant’s shares increased by 3.8 percent. Amazon is also involved in this segment with its Prime services, where securities increased by 3.9 percent.

Slightly behind the rally, among Nasdaq’s main stocks, Alphabet (Alphabet A (formerly Google)) fell, with only modest gains. The search engine operator Google (Alphabet C (ex Google)) intends to refrain from hiring new employees for two weeks due to economic uncertainty, it said. He has followed similar statements recently released by Apple.

There was generally a bad mood in the healthcare sector, and quarterly data that was properly assessed and the increased annual targets of pharmaceutical companies Biogen and Abbott (Abbott Laboratories) did not help. Their securities fell by 5.8 percent and 1.6 percent, respectively.

At a discount of 8.3 percent, Baker Hughes shares stood out in generally poor conditions 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 has receded against the US dollar – partly due to political uncertainty in Italy, where Prime Minister Mario Draghi is on the verge of extinction. 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 —

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