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ROUNDUP / New York Stocks: Investors keep feet still | message


NEW YORK (dpa-AFX) – Only little change without a clear direction, the US stock markets presented themselves in early trading on Tuesday. Oil prices have recently risen again. New price data from the United States did not cause major movements.

The Dow Jones Industrial (Dow Jones 30 Industrial) recently traded 0.11 percent higher at 24,249.55 points. “The leading US index remains relatively stable, but investors should not expect a high upward momentum. But the lack of profit taking is a pleasant surprise in the current market phase,” commented analyst Andreas Büchler from the stock market magazine Index Radar.

The market-wide S&P 500 fell on Tuesday by 0.15 percent to 2925.89 points. The technology-heavy NASDAQ 100 gained 0.13 percent to 9,311.45 points.

Inflation in the USA weakened massively in April, mainly due to the sharp fall in energy prices. According to the Ministry of Labor, consumer prices were 0.3 percent higher than a year earlier. In March the inflation rate was still 1.5 percent. The current rate is the lowest since October 2015. Analysts had expected an average inflation rate of 0.4 percent. In a monthly comparison, consumer prices fell by 0.8 percent. This was the sharpest decline since December 2008.

In addition to global worries about a second wave of Covid 19 infections, it is still trade relations between the United States and China that, depending on the current situation, cause investors abdominal pain. “The increased risk to US-Chinese trade relationships and corona data from particularly hard-hit countries is inconvenient for investors,” said James Athey, investment expert at Aberdeen Standard.

Among the individual stocks, Tesla’s shares were in good shape with a plus of 2.8 percent. Elon Musk, Head of the electric car manufacturer, starts production at the main plant in California again and thus opposes a ban on the authorities in the corona crisis. “If someone is arrested, I’ll ask that it’s just me,” Musk wrote. The technology blog “The Verge”, citing Tesla workers, reported that around 200 vehicles had already been built at the weekend. Overall, California has allowed companies to be cautiously opened. In Alameda County, the district near San Francisco where the Tesla plant is located in Fremont, restrictions on going out still apply.

Boeing (Boeing) chief Dave Calhoun anticipates that the corona crisis could cause a large US airline to go out of business this year. In September the airlines will be put to the test, he argued. Then the current US support for the aerospace industry on salary payments will expire. Until then, air traffic would not even reach a quarter of the previous level, Calhoun pointed out. Boeing’s business was already suffering from the crisis surrounding the 737 Max aircraft, which was shut down worldwide after two crashes. Boeing papers recently gained 0.6 percent / hour / he

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