NEW YORK (dpa-AFX) – Negative news from Tesla and Apple pulled the US stock markets down on their first trading day of 2023. The Dow Jones Industrial (Dow Jones 30 Industrial) fell 0.59 percent to 32,952.81 points just over two hours before the close of trading on Tuesday. The market-wide S&P 500 fell by 0.85 percent to 3806.73 points.
The tech-heavy NASDAQ 100 fell 1.17 percent to 10,812.03 points. The selection index of the Nasdaq stock exchange ended the past year significantly weaker than the standard values and lost almost a third.
After the last three days of recovery, Tesla shares took a hit again at the beginning of the new year. After disappointing delivery figures from the electric car manufacturer, they slipped a good 14 percent and are only a few dollars above the roughly $100 mark. Tesla shares were already among the biggest losers in the Nasdaq 100 at a discount of 65 percent in 2022, and they are currently at their lowest level since August 2020. Market participants are concerned that demand could continue to drop.
A significant slide in the price of Apple shares pushed the market value of the iPhone group below the two trillion dollar mark to its lowest level since June 2021. The papers recently lost 4.3 percent. A report by the Japanese business newspaper “Nikkei” proved to be a burden, according to which Apple had instructed several suppliers to produce fewer components for some Californian products in view of falling demand.
Boeing (Boeing) reached its highest price since the end of March and was still the strongest value in the Dow with a price increase that had recently melted down to 1.7 percent. Analyst Scott Deuschle from Credit Suisse referred to the latest data from an industry service, according to which the aircraft manufacturer could have delivered more jets in 2022 than the market expected./ajx/he