New York (dpa-AFX)-As in the previous days, the US exchanges on Wednesday difficult to find the direction. Inflation data and progress in the trade disputes between the United States and China brought a little tailwind in the course of. It remains that the recovery from the customs shock that the exchanges had suffered in April has been stalling for a few days.
For the first time since the beginning of March, the leading index Dow Jones Industrial sometimes made it over the 43,000-point mark. Finally, however, only a thin plus remained from 0.15 percent to 42,931 points. Other indices slipped into the loss zone. The S&P 500 recently gave up 0.22 percent to 6,025 points and the selection index NASDAQ 100 as of Technology titles 0.38 percent lower at 21,858 points. At times he had returned to the 22,000-point mark for the first time since February.
According to US President Donald Trump, China and the United States have fundamentally agreed to reduce export restrictions on rare earths at the trade talks in London. The formal approval of himself and China’s head of state Xi Jinping still stands out, Trump dampened a little joy on his online language tube.
US consumer prices rose less clearly than expected in May compared to the previous month. Since this was the fourth month in a row with a mild inflation, market observers now see a little more scope for early interest rate reductions through the FED – especially when trading conflicts slow down the economy. If the US Federal Reserve meets next week, the experts from Commerzbank still consider an interest rate reduction to be almost impossible.
At Tesla, the course recreation only continued temporarily. A minus of a 2.9 percent top plus recently became one percent. During the course, the shares on the 21-day line reached its limits. In the excited dispute between CEO Elon Musk and US President Trump, the tones are currently milder by granting Musk that he had “gone too far” with some of his statements about Trump.
General Motors (General Motors) continued their recovery movement by almost 2.3 percent. The car manufacturer wants to move part of its production from Mexico to the United States. It is planned to invest four billion dollars in the expansion of US production facilities in the next two years. In view of the US trade policy, this is no surprise, commented analyst Joseph Spak from the Swiss Bank UBS.
There was an almost four percent large plus at Starbucks on Nasdaq. The coffee house chain in its plans to put a smaller part of their China business would come across a lively buyer interest, CFO Brian Niccol told the “Financial Times”.
The mood in the US airfare and armaments sector was pressed by a price slide by 4.8 percent at Lockheed Martin. The US air weapon gave the company a difficult blow by halving the procurement application for F-35 fight jets compared to the 48 aircraft planned last year.
Among the minor values, the online animal needs dealer Chewy (Chewy A) made headlines with a course of the course by eleven percent. The company disappointed the investors with its gross margin, the cash flow and only a affirmed annual forecast. This is not sufficient to justify the good course of the share since April, it said.