New York (dpa-Afx)-The last success-spoiled investors on the US stock market ended calmly the week. Although the market-wide stock market barometer S&P 500 as well as the technology indices Nasdaq 100 and Nasdaq Composite (Nasdaq Composite Index) swung again on Friday to further records, but overall the movements were limited.
The leading index Dow Jones Industrial, on the other hand, remained in the loss zone throughout the day and thus missed a new maximum. In the end there was a minus of 0.59 percent to 45,834.22 points. On a weekly perspective, this results in an increase of almost one percent.
The S&P 500 slightly gave up to 6,584.29 points on Friday. The NASDAQ 100 rose 0.42 percent to 24,092.19 points and the Nasdaq Composite won 0.44 percent to 22,141.10 points.
On Thursday, weak data from the domestic labor market and expectant inflation numbers again cemented the expectation of a moderate reduction in key interest rates in the coming week. Even a large interest rate of 0.5 percentage points consider some observers possible to boost the economy. Further disappointing economic data was added at the week of the week. The mood of the consumer has complained more than expected in September.
“Consumers continue to find numerous weaknesses in the economy, with the risks for the business situation, the labor market and inflation,” commented Joanne HSU, head of the University of Michigan. “Consumers also see risks for their wallets.” The personal financial situation has deteriorated from the consumer’s point of view.
Among the individual values, Microsoft rose by 1.8 percent at the Dow tip. The software giant had escaped an impending competitive penalty with concessions to the European Union (EU). The EU Commission’s competitive officers had previously come to the conclusion that Microsoft used its market power to use teams to support his communication platform. The trigger for the process was a complaint by the competitor Slack in the summer of 2020.
In the S&P 500, the titles of the Hollywood Group Warner Bros. Discovery (Warner Bros Discovery) had an increase of almost 17 percent after they had jumped up the day before thanks to a media report on the rival Paramount Skydance (Paramount Global).
Meanwhile, the shares of the luxury furniture manufacturer RH fell by 4.6 percent. A forecast that was reduced due to the effects of US tariffs caused a cloudy atmosphere for the growth of sales and statements by the company boss. According to this, the industry has to offer discounts in view of the weak real estate market to keep afloat.
A media report about a alleged linking of deaths in children with corona vaccinations strongly heavily stressed by vaccine manufacturers. Moderna dropped by 7.4 percent. For Pfizer it went down by 4 percent. The papers of the German company Biontech (Biontech (ADRS)) listed in New York lost 7.3 percent. Washington Post had written that officials of the US Ministry of Health are planning to connect COVID-19-vaccines with the death of 25 children./LA/NAS
— from Lutz Alexander, dpa-Afx —