Major US indices start today with profits. Tech stocks also open up more firmly at first, but then mostly plummet into the red.
New York On Friday, trading on the US stock exchanges is mostly up. The US standard value index Dow Jones rose 0.2 percent to 27,581 points. The technology-heavy Nasdaq lost 0.1 percent to 10,911 points and the broad S&P 500 rose 0.2 percent to 3345 points.
Yesterday the US stock exchanges closed in the red after a rollercoaster ride. As in the previous days, tech stocks were particularly under pressure. The technology-heavy Nasdaq had lost two percent to 10,919 points.
Before the stock market launch on Friday, the Nasdaq technology index was nine percent below its record high while the S&P 500 was seven percent below. Both selection barometers reached their all-time highs in the past week.
Investors are currently looking particularly at US technology groups, which suffered sharp price losses after a boom . Today all FAANG shares (Facebook, Amazon, Apple, Netflix, Google) started with profits. Shortly after the start of trading, all but Netflix fell into the red.
Look at individual values
Oracle: The pandemic-related trend towards working from home gave the SAP rival a boost in the most recent fiscal quarter. In the three months to the end of August, net income climbed five percent year-on-year to $ 2.3 billion.
CEO Safra Catz spoke of a “fantastic” quarter for Oracle. The quarterly figures clearly exceeded expectations. The stock reacted with a plus of 4.7 percent, Oracle is the biggest winner in the S&P 500.
Tesla: According to a report by the Reuters news agency, the electric car manufacturer wants to sell its Model 3 cars produced in China in other Asian countries and in Europe. The vehicles, which have been built in the Shanghai factory since December, will also be offered in Japan and Hong Kong from next year. Tesla papers have been very volatile in the past few days, today they slipped to a minus of 1.5 percent shortly after the start of trading.
Peloton: The share of the exercise bike manufacturer and subscription provider for live fitness courses rose by almost five percent. The company had exceeded sales estimates as both subscriber numbers and demand for its fitness products rose during the pandemic.