NEW YORK (dpa-AFX) – After the latest price setback, US President-elect Donald Trump continued to slow down US stock markets on Wednesday. A report from the television channel “CNN” put obstacles in the way, according to which it could declare a national economic emergency in order to be able to enforce the import tariffs it had announced on this basis. Concerns about inflation and interest rates were once again stoked among investors.
A good two hours before the US stock exchanges took a break to mark the day of mourning in honor of former US President Jimmy Carter, the indices were slightly positive again. However, a clearer recovery, which had been apparent before the CNN report, failed to materialize.
While the Dow Jones Industrial recently rose by 0.10 percent to 42,569 points, the market-wide S&P 500 gained 0.13 percent to 5,916 points. The NASDAQ 100, with its focus on technology stocks, which had slipped particularly sharply the day before, climbed by 0.14 percent to 21,203 points.
On Tuesday, the US stock markets suffered from good economic data, which suggested further easing of US regulations.monetary policy made less likely. Fresh data from the labor market service provider ADP for the private sector was weaker than expected, but in return the reported weekly initial jobless claims reached their lowest level in almost a year. Accordingly, the economic impulses were not clear.
In focus Financial markets There were also rising bond yields, making fixed-interest investments an increasingly attractive alternative for investors. After a bond auction that went well, there was some relief on the stock market. For US securities with a ten-year term, the yield was above the 4.7 percent mark for the first time since April last year.
After a wave of profit-taking the day before, Nvidia (NVIDIA) initially tried to recover, but it failed with a loss of 0.1 percent. Investors had used encouraging statements from CEO Jensen Huang the day before to cash in, but analysts appeared relaxed. There are many aspects of Nvidia that remain exciting for investors, wrote Bernstein analyst Stacy Rasgon.
In the ranking of the “Magnificent 7”, i.e. the seven tech giants from the USA, the price development was mixed. In addition to Microsoft, Tesla in particular had a positive recovery. Meta (Meta Platforms (ex Facebook)), on the other hand, lost 1.2 percent. The social media group proposed integrating eBay content into the Facebook marketplace in order to comply with antitrust demands from the European Union. This pushed the advertising portal’s titles up by more than nine percent.
The downward trend continued for the shares of the IT security company Palo Alto Networks. They fell by 2.8 percent to the lowest level since the beginning of October. Deutsche Bank had canceled its previous purchase vote. After the strong previous year, expert Brad Zelnick expects cybersecurity titles to develop weaker in 2025 relative to the software industry.
In one industry, investors reacted very disturbed to statements by Nvidia boss Jensen Huang: Papers from some companies that deal with the topic of quantum computers collapsed by more than 40 percent each. These were in particular the companies Rigetti (Rigetti Computing), IonQ, Quantum Computing and D-Wave Quantum (Quantum Computing). The burden was that he only expected useful systems to be available in many years./tih/he