Closing bell: Dow Jones with early record high – Tech stocks in the red – Intel strong against the trend – Apple in the red lantern

Before the US interest rate decision, the last strong New York stock markets failed to find a common direction on Monday. The leading index Dow Jones Industrial After an early record high, the stock market closed at 41,622.08 points, up 0.55 percent. The broad-based S&P 500 Ultimately, it was only enough for a gain of 0.13 percent to 5,633.09 points. The technology-heavy Nasdaq 100 index, which was particularly strong last week, fell by 0.47 percent to 19,423.06 points.

The expectation that the US Federal Reserve will begin its interest rate easing cycle on Wednesday with a major cut of 0.5 percentage points has recently risen rapidly. The “Fed Watch Tool” of the options exchange CME currently shows the probability at 63 percent. Experts from the Swiss bank UBS emphasized in a commentary that at the beginning of the previous week the probability was still at 14 percent.

Some investors apparently got cold feet, especially in the particularly interest-sensitive tech stocks, after the Nasdaq 100 rose by almost 6 percent last week. When weighing up the interest rate and economic prospects, the market remains controversial as to what the best Fed scenario is for investors. “A cautious approach by the Fed would be desirable,” warned CMC Markets expert Jochen Stanzl on Monday against rushing too quickly. He would prefer only a moderate reduction of 0.25 percentage points with the “concrete prospect of further interest rate cuts in the last two meetings of this year.”

Semiconductor stocks, which are primarily listed on the Nasdaq tech exchange, paid tribute to their recent positive performance on Monday. The biggest losers included micron and Broadcom with price reductions of 4.4 and 2.2 percent. The shares of the industry giant and AI model boy NVIDIA They had barely made any progress recently and now lost two 🙂

The Dow-listed stocks, which are also listed in the Intel-Shares bucked the industry trend with a plus of 6.4 percent, making them the leaders in both indices. They are convinced that the processor manufacturer can look forward to government subsidies. Intel spoke of up to 3 billion US dollars, thereby largely confirming a previous report by the news agency Bloomberg.

At the telecom giant AT&T and the tech company EchoStar Shareholders were pleased with share price gains of 2.9 and 8.9 percent respectively. According to a media report citing informed sources, both companies are holding initial talks about a merger of their satellite television subsidiaries DirecTV and Dish.

The shares of Apple Meanwhile, the Dow lost 2.8 percent. The market attributed this to an evaluation of pre-orders for the new iPhone 16 Pro. According to analyst Ming-Chi Kuo of TF International, these were lower than expected after the first weekend.

BoeingShares continued their recent losses with a loss of 0.8 percent. On Friday, the strike by the largest union and considerations by the rating agency Moody’s for a credit rating downgrade weighed on the company. Now, because of the strike, the aircraft manufacturer is putting the brakes on costs by freezing hiring.

In late trading, shares of TupperwareAccording to Bloomberg, the plastic container manufacturer will file for bankruptcy this week. The restructuring efforts of the past few years have apparently failed. The share price plummeted by more than 50 percent to a new all-time low.

(With material from dpa-AfX)