New York (dpa-AFX)-The US stock market has switched down a gear again after the significant profits from the end of last week. The mood on the stock exchanges was further fragile on Monday. Tomorrow Tuesday, the customs duties that have long been announced will come into force on goods from Canada and Mexico. The two countries are the most important trading partners in the United States.
The leading index Dow Jones Industrial recently hardly moved out of the spot at 43,853.06 points. For the market -wide S&P 500, it went down by 0.10 percent to 5,948.48 points. The Nasdaq 100 dominated by tech values almost remained at 20,881.15 points.
The US indices ended the stock market month of February with losses. “How much more careful the market can be? If you look at the fear and greed index, we are in the red zone that flashes and says: Caution,” said Katrina Dudley, senior investment strategy at Franklin Templeton, at Bloomberg TV. According to the expert, there is signs of excessive fear on the stock market, which pressed the courses too much down. Market technology interested investors interpret this as a possible purchase signal.
In the cloudy environment, investors avoided the shares of strongly weighted technology companies, which had cheered on the record hunt on the US stock market last year. The papers of the chip manufacturer Nvidia fell by five percent at the end of the Dow. For the shares of the online retailer Amazon, it was one percent down.
The shares of companies with cryptocurrency reference, on the other hand, were in high demand after US President Donald Trump once again expressed a strategic cryptocurrency reserve in the United States. In the titles of Coinbase, Mara Holdings (Mara), Riot Platforms and Microstrategy (Strategy), price gains were between more than two and a good four percent.
Applovin’s share certificates (Applovin A) skyrocketed by a good six percent. The technology company specializing in apps and cell phone games had announced a buyback of its own shares. This measure is a strategic answer to the 22 percent drop in the previous week, which was triggered by negative empty sellers.
Apart from the technology values, Capri Holdings’ papers traded in the United States attracted 7.5 percent. The investment company comes closer to the sale of its Italian luxury brand Versace to Prada Spa, reported the Bloomberg news agency, citing insiders. The Italian family business and Capri had agreed on a price of up to 1.5 billion euros for the fashion house founded by the late Gianni Versace in 1978.
The titles of Mosaic (The Mosaic) grew by 1.4 percent after analysts. The price dynamics in the most important fertilizer categories of Mosaic look positive for 2025, wrote the expert Jeffrey Zekauskas from the US bank JPMorgan./La/ngu