The day on which Apple made history with a record high on the stock market had little spectacle in store. In view of the lack of a US economic stimulus package, optimism is fading.
In New York, the most important indices have all slipped into the red. The benefited for a long time Dow Jones Industrial and other index colleagues of a glimmer of hope in the tug-of-war over a new Corona stimulus package and the record rally among the weighty ones Apple stockswho made stock market history with a market value of over two trillion dollars.
According to the late published minutes of the most recent meeting of the US Federal Reserve Fed But the US stock exchanges lost their tailwind, that of the technology-heavy one Nasdaq 100 and the S&P 500 in the meantime brought new records. The monetary authorities emphasized economic uncertainties and stoked these up among investors as well.
Of the Dow Therefore, in the end, confirmed his last listless trend by dropping 0.31 percent to 27,692.88 points. At least the leading index did a little better this time than other important US indices, which suffered more from profit-taking after their record hunt. Of the S&P lost 0.44 percent to 3374.85 points and the technology-heavy Nasdaq-100-Index lost 0.71 percent to 11,318.64 points.
Apple with record market capitalization
The Apple stock gained 0.1 percent. In the course of the market capitalization of the iPhone manufacturer cracked the mark of 2 trillion dollars for the first time. No other US company has ever been rated as highly. The market value doubled in just five months. Apple emerged stronger from the corona crisis. Sales even exceeded expectations from the pre-Corona period. Mac and iPad sales were particularly high due to the trend towards home work or teaching.
For the stocks of the hardware store chain Lowe's it went up by 0.2 percent according to the figures for the second quarter. Sales and profits were clearly above market expectations. Target shares rose 12.7 percent after the retailer reported a surprisingly strong jump in earnings and the strongest quarterly growth in the company's history.
The Boeing stock lost 0.6 percent, although the aircraft manufacturer received an order for its problematic 737 Max aircraft for the first time since December.
The Goodyear stock lost 2.4 percent. US President Donald Trump has called on his supporters to stop buying tires from the manufacturer. He responded to reports that the company has banned its employees from wearing clothes with political messages such as the Trump slogan "Make America Great Again". The corporation made it clear that it urges employees to refrain from displaying support for any political campaign or party at work. Exceptions are statements against racism and unequal treatment.
Government bonds give way – oil prices recover with inventory data
The US Treasuries lost interim profits again. But the ongoing uncertainties about the Covid-19 pandemic and the prospect that interest rates will remain close to zero for a long time will continue to support the sentiment, it said. The ten-year yield gained 2.2 basis points to 0.69 percent. Invesco's fund manager Georgina Taylor also pointed out the numerous political imponderables.
Of the dollar recovered somewhat from his recent weakness. The dollar index rose 0.8 percent. In contrast, the euro came under pressure and was still trading at $ 1.1847 in late US trading, after a daily high of $ 1.1953. The pound also lost intermittent gains after rising to its highest level against the US currency in over seven months.
The Oil prices recovered from temporary losses and only closed slightly in the red. Traders cited official weekly US inventory data, which is down again for the fourth straight week. In addition, all eyes are on an Opec + conference, even if no important decisions should be made here, according to market participants. The price of a barrel of the US WTI grade fell 0.1 percent to $ 42.84. Brent was down 0.6 percent to $ 45.20.
gold was also sold. After the troy ounce cost $ 2,007 at the daily high, the price fell 3.0 percent to $ 1,941. Participants mostly pointed to the recovery of the dollar.
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