NEW YORK (dpa-AFX) – After the price recovery the day before, the US stock markets changed little on Wednesday and closed directionless. The Dow Jones Industrial (Dow Jones 30 Industrial) ultimately fell 0.22 percent to 33,852.66 points. The market-wide S&P 500 lost 0.04 percent to 4376.86 points. The tech-heavy NASDAQ 100 rose 0.12 percent to 14,964.58 points.
A report on possible further export restrictions for US semiconductor manufacturers caused a slight burden. According to the Wall Street Journal, the US government is considering tightening regulations on the export of computer chips to China. In particular, it is about high-performance chips for applications in the field of artificial intelligence (AI), it said, citing insiders.
The news had a correspondingly negative effect on US semiconductor stocks: NVIDIA lost 1.8 percent, but still leads the list of winners in the NASDAQ 100 with a plus of 181 percent in the year to date. AMD (AMD (Advanced Micro Devices) ) is down 0.2 percent, but still up 70 percent in value for 2023. Intel lost 1.5 percent and QUALCOMM 1.9 percent.
On the other hand, clear price gains by some Nasdaq heavyweights ensured the stable development of the technology index. The papers of the electric car manufacturer Tesla increased by 2.5 percent. Those of the Netflix streaming service gained 3.1 percent.
In the Dow, the stocks Travelers, Home Depot and UnitedHealth were among the weakest with losses of between 1.7 and 2.5 percent.
At General Mills, investors had to cope with a price drop of 5.2 percent, although the food manufacturer promised an increase in earnings for the current fiscal year. However, the figures for the past quarter were mixed.
The euro was above the $1.09 mark in US trading midweek. Most recently, the common currency cost 1.0915 US dollars. The European Central Bank had set the reference rate slightly higher at 1.0938 (Tuesday: 1.0951) dollars. The dollar had thus cost 0.9142 (0.9132) euros.
US bonds posted price gains. The futures contract for ten-year bonds (T-Note Future) recently rose by 0.39 percent to 113.27 points. In turn, the yield on 10-year Treasuries fell to 3.71 percent./edh/he