Thursday October 21, 2021
Share falls 9.6 percent
IBM thwarts the Dow
After the record high of the Dow Jones Industrial, the most important US stock market barometer ran out of steam on Thursday. Above all, the disappointing quarterly figures of the technology giant IBM, which let the share price plummet, depress the mood.
Disappointing IBM figures on Thursday thwarted the US benchmark Dow index, while a positive reaction from investors to Tesla’s latest balance sheet drove the Nasdaq up. Of the Dow Jones closed practically unchanged at 35,603 points. The broad one S&P 500 on the other hand went 0.3 percent more firmly on 4549 meters from the trade. Of the Nasdaq index gained 0.6 percent to 15,215 points.
The shares of IBM fell 9.6 percent after the IT group announced quarterly sales below market expectations. Even if you factor out the Kyndryl division, which is about to be spun off, the results are disappointing, complained analyst Julie Bhusal Sharma from the research company Morningstar.
The papers of Tesla rose 3.3 percent to $ 894.00 after initial losses. The electric carmaker’s profits are gushing, but the warning of margin pressure from investments in the German plant and supply chain problems overshadowed the quarterly result.
Investors hope for the Fed
The high energy prices gave stockbrokers a headache. They feared a negative impact on corporate profits. The US type of crude oil WTI Although the price fell 0.9 percent to $ 82.67 a barrel (159 liters), it stayed in touch with its seven-year high on Wednesday. “All eyes are now on the Fed and other central banks,” said analyst Pierre Veyret from the brokerage firm ActivTrades. “Investors are wondering whether these institutions will be able to scale back their monetary support despite the uncertain economic outlook.”
The papers of Crocs rose by around nine percent. The clog provider increased its quarterly sales by a surprisingly strong 73 percent. For the full year he is now aiming for growth of 62 to 65 instead of 60 to 65 percent.
The titles of Internet giants such as Facebook, Amazon and Microsoft. The share certificates of the printer and PC manufacturer HP Inc were traded 6.9 percent higher. The group was optimistic for 2022 and raised the dividend. American Airlines rose 1.7 percent after the airline reported a surprisingly low quarterly loss.