After the record hunt of the previous weeks and a rather quiet Monday, investors on Wall Street took away some profits on Tuesday. Both the Dow Jones 30 Industrial Index and the Nasdaq 100 went out of trading with a loss. Despite the company’s own vaccination successes, concerns about rising corona numbers do not stop at the USA.
With a final spurt to 33,821 points, the Dow Jones limited its losses on Tuesday to 0.8 percent. Nevertheless, in the end, two thirds of the 30 values were shown in red.
The shares of Nike, which lost 4.1 percent, and Boeing (minus four percent) were particularly under pressure. At the sporting goods manufacturer’s downgrade from Buy to Neutral by Citi caused a bad mood among investors. Analysts expressed concern that Nike’s near-term goals could be at risk due to ongoing tensions with China.
The biggest winner in the Dow Jones on Tuesday was IBM. The report for the start of the year 2021 was very well received and the papers increased by a good four percent. Thanks to the cloud business, the IT veteran managed to increase sales for the first time in four quarters. In addition, profits fell less sharply than feared.
The Nasdaq 100 ended the trading day with a minus of 0.7 percent at 13,809 points.
The biotechnology and pharmaceutical stocks were particularly in demand. Five of the six titles with the greatest daily increases came from this segment: Incyte (plus 2.3 percent), Biogen (plus 1.5), Amgen (plus 1.2), Paychex (plus 1.1) and Regeneron Pharmaceuticals (plus one percent).
The worldwide increase in the corona numbers affected the Marriott share. The world’s largest hotel chain lost a good four percent.
Wall Street was also concerned with:
(with material from dpa-AFX)