Tuesday losses: US exchanges pay tribute to rally

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The US stock exchanges ended Tuesday trading with a red sign.


PHILIPPE HUGUEN/AFP/Getty Images


© Provided by Finanz.net
PHILIPPE HUGUEN/AFP/Getty Images


Of the Dow Jones dropped 0.55 percent to 28,680.33 points at the end of trading, the technology-heavy one NASDAQ Composite meanwhile fell by 0.10 percent to 11,863.90 points.

The shares of the big banks JPMorgan and Citigroup despite good quarterly figures lost a good one-and-a-half or heavy losses. While the US industry leader made its profit thanks to the ongoing boom in Securities trading Citigroup surprisingly increased and exceeded market expectations despite a downturn in business and a million-dollar fine.

At Johnson & Johnson the share price also fell by two and a half percent. The pharmaceutical and medical technology group temporarily suspended a study for a future corona vaccine due to an unexplained disease of a subject. Unexpectedly good quarterly figures and more optimistic expectations for the year did not help the share.

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The shares of Delta Air Lines also fell after another billion-dollar loss and a drop in sales in the third quarter. The airline is now decommissioning a number of older aircraft and wants new aircraft from the European manufacturer Airbus sometimes only decrease years later.

The eagerly awaited presentation of new products contributed Apple not for enthusiasm. Hours before the event began, the anticipation that had prevailed at the beginning of the week had noticeably decreased. The introduction of the new iPhone 12 as the first Apple smartphone with super-fast 5G data transmission did not change anything: The shares of the technology group lost.

However, it was able to convince investors Walt disney: That the entertainment group is adjusting its corporate structure in the midst of the Corona crisis in order to focus more on the booming streaming Maan in the future, with a plus of almost three and a half percent at the top of the Dow.

With the world’s largest asset manager BlackRock a surprisingly high quarterly profit caused the share price to rise, bringing the share to a record high.

Finanzen.net / Dow Jones Newswires / dpa-AFX

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