NEW YORK (dpa-AFX) - Investors at the USstock marketn held back after the latest record on Monday. The upcoming economic data and business figures from the banking sector from Tuesday dampened the risk appetite of investors, wrote analyst Michael Hewson of CMC Markets UK.
Most recently, the leading index Dow Jones Industrial was listed 0,30 percent lower at 33 points. For the market-wide S&P 697,57 it went down 0,14 percent to 4119,43 points. Optimistic economic expectations and the cheap money from the central bank had only given both standard value indices record highs on Friday. On the Nasdaq technology exchange, the selection index was Nasdaq 100 on the other hand, it just missed a record high - it lost 0,27 percent to 13 points at the beginning of the week.
Meanwhile, there was also positive news from the US Federal Reserve President: According to Jerome Powell, the world's largest economy is at the turning point towards more growth. "We feel at a point where the economy is starting to grow much faster," Powell said in an interview with the US television network CBS. Powell also referred to an improvement in the American labor market.
Among the individual stocks, the recently weak Alibaba stocks defied negative news with a price jump of almost nine percent. In a new blow against company founder Jack Ma, China's competition watchdogs fined the online trading platform 18 billion yuan (€ 2,3 billion). The group had used its dominant position to punish traders who wanted to offer their goods on competing platforms, state media quoted the market supervisory authority as saying. In addition, the Alibaba financial division Ant Group has to reposition itself as a financial holding company and meet strict requirements like a bank.
However, stockbrokers had feared an even higher penalty for the Amazon competitor. In addition, the uncertainty has now given way to the shares, it said. In contrast, the shares listed in New York by the Chinese Alibaba rival JD.com and the search engine operator Baidu lost over two and around three percent, respectively. There are concerns that the two companies could also be targeted by Chinese regulators, commented expert Hewson.
Among the other technology stocks, Luminex papers rose by over twelve percent. The Italian diagnostics group Diasorin wants to take over the manufacturer of Covid-19 tests. Diasorin's shares gained almost ten percent in Milan.
Meanwhile, the software giant Microsoft wants to expand its range of language processing solutions with a billion-dollar takeover. He is offering $ 56 per share for artificial intelligence and speech processing specialist Nuance Communications. Its papers jumped a good 16 percent to $ 52,95, while the Microsoft title gained almost half a percent.
The graphics processor developer Nvidia announced the production of its own chips for computer servers. He is attacking the semiconductor manufacturer Intel on its most lucrative market. Accordingly, Nvidia stocks rose by more than three and a half percent, while Intel stocks went down by almost five percent. The new so-called CPUs from Nvidia are based on the technology of the company ARM, which Nvidia wants to buy from the Japanese telecommunications and media group Softbank.
At Uber, the shareholders could look forward to a price increase of three and a half percent. According to its own information, the transport service provider received more bookings in March than ever in the company's history. The titles of competitor Lyft did not benefit: They lost over two and a half percent.