New York (dpa-AFX)-Positive news from the chip industry gave the US stock exchanges on Tuesday. New inflation data and business figures from the banking sector gave no impulses.
In the course of the trade, the share prices lost a little swing. After a strong start, the technology -based selection index NASDAQ 100 claimed an increase of 0.59 percent to 22,991.14 points. In contrast, the S&P 500 market width was unable to maintain its profits and recently noted 0.05 percent lower at 6,265.55 points. The Dow Jones Industrial expanded its minus and recently lost 0.76 percent to 44,121.75 points. The leading index lags the other indices further behind – to his record that dates from December, it is still missing.
In the United States, inflation unexpectedly strengthened in June. According to experts, the aggressive customs policy of the US government continues to show no significant effects. The core inflation rate, in which the fluctuating prices for energy and food are deducted, was 2.9 percent as forecast. Experts remained rather calm.
“Although the entrepreneurs stated in surveys to further re-flow the load of the increase in US import tariffs to consumers, the current inflation statistics once again lack any trace of it,” wrote Underwirt Dirk Chlench from the Landesbank Baden-Württemberg. Thus, in particular from the White House, pressure on the US Federal Reserve should increase to loosen its monetary policy course. Chlench, however, states that the US Federal Reserve will leave its key interest rates unchanged over the course of the year.
The Nvidia shares continued their record hunt after the cautious previous day: With plus 4.2 percent, they were one of the best values in Nasdaq 100. After months of export restrictions, the semiconductor giant may sell its AI chips designed for China again in the People’s Republic.
Competitors AMD (AMD (Advanced Micro Devices))) also plans to resume the deliveries of his Mi308 chips to China after the United States had given its consent to the sales. The titles won 6.5 percent and were therefore as expensive as it has not been since October. Other semiconductor shares such as Broadcom and Micron (Micron Technology) were also comparatively in demand.
The highly expected quarterly figures of some large banks, which traditionally herald the hot phase of the company report season, came across a mixed echo. JPMorgan (JPMorgan Chaaseco) did better than expected thanks to the fluctuations in the capital markets. However, the financial institution promised slightly higher costs for this year than before. The shares lost 0.9 percent.
At Wells Fargo (Wells Fargoco), the net interest income disappointed, which broke a price slide of 6.8 percent. Citigroup, on the other hand, surprised with the income from the trade in fixed -interest securities, which the investors rewarded: the shares won 3.5 percent and at times reached the highest level since the 2008 banking year.
The last record -high black rock shares, on the other hand, dropped by 5.2 percent. Sales and success -dependent fees had missed the market expectations in the second quarter. A record value for managed assets apparently did not like this./Gl/he