The stock markets in New York opened slightly higher on Thursday, so the losses from a day earlier did not continue. The strong rally on Wall Street from the beginning of this week has come to an end for the time being.
Investors are now especially looking forward to the important US jobs report released by the government on Friday.
Shortly after opening, the Dow Jones index was 0.1 percent higher at 30,311 points. The broad S&P 500 rose 0.4 percent to 3,796 points, and the technology gauge Nasdaq rose 0.7 percent to 11,229 points. On Monday and Tuesday, the stock markets in New York were still very strong, thanks to speculation that the US central bank may slow down by aggressively raising interest rates against high inflation.
The developments in the labour market play an essential role in the interest rate policy of the Federal Reserve. With a strong labour market, the central bank umbrella has more room to continue raising interest rates. Attention was therefore focused on new figures on benefit claims in the United States. They rose slightly more than economists had expected last week.
Pinterest (plus 6.6 percent) could count on interest among the companies. Investment bank Goldman Sachs came up with a buy recommendation for the digital bulletin board, pointing, among other things, to increasing use and opportunities to earn more money through Pinterest.
Twitter (minus 1.3 percent) was once again in the spotlight. ACCORDING TO SOURCES, Tesla CEO Elon Musk first tried to negotiate a lower price for Twitter before indicating he wanted to buy the social media company for his original offer. However, Musk and Twitter disagreed. Furthermore, the lawsuit between Musk and Twitter about the takeover continues for the time being, according to the judge in the state of Delaware.
The maker of fitness equipment, Peloton Interactive, climbed more than 1 percent. The ailing company is cutting another 500 jobs to cut costs. Peloton is facing challenging market conditions, and according to CEO Barry McCarthy, this new intervention is necessary to save the company. Thousands of jobs have already been lost.
A barrel of US oil cost 0.1 percent more at $ 87.80, and Brent oil was also 0.1 percent higher at $ 93.43 a barrel. The euro was worth $0.9841 against $0.9864 a day earlier.
The company reports that employees who are active in these offices can work for Nvidia from another country. How realistic that remains to be seen. Many flights are already fully booked because many Russians are trying to flee the country after mobilizing troops. International sanctions, such as closing airspaces to Russian aircraft, also have an impact.