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New trading week, and it starts on Wall Street with bonuses. However, the actions of airlines in particular are under pressure. Investment legend Buffett is one reason for that. In contrast, online game providers are particularly in demand.
US stock markets USA They went up at the beginning of the week. The Dow Jones-The standard values index closed 0.1 percent firmer at 23,749 points, almost to the daily maximum after having been in a large part of the trade in the negative sign and, meanwhile, had registered around 400 lower positions. The wider S&P 500 increased 0.3 percent to 2,839 points Nasdaq compound by 1.2 percent at 8710 points. The Dax On the other hand it had closed much lower.
The Dow only turned positive in the last half hour of trading. Previously, the dispute between EE. USA And China about the origin of the corona virus and investor Warren Buffett’s critical words about the aviation industry had influenced prices. United States President Donald Trump blames China for the pandemic and threatened the People’s Republic regarding the new tariffs. However, in recent operations, the price gains of large technology companies raised the indexes. Apple, Amazon and Facebook earned more than one percent, Microsoft about two percent.
Online game providers asked
Actions in airlines such as Delta, American, Southwest and United with discounts of up to 14.5 percent. Discounts were reduced in late negotiation. Investor Warren Buffett’s Berkshire Hathaway holding company announced over the weekend that it would divest itself of its holdings. The virus pandemic hit the industry hard. At the end of 2019, Berkshire had approximately ten percent of each of the four airlines.
The meat group’s shares fell a good eight percent Tyson Foods. The company announced that it would temporarily close the slaughterhouses if necessary. Because restaurants are closed in the fight against the pandemic, the demand for meat is likely to decrease in the second half of the year. More recently there have been outbreaks of Covid-19 lung disease among slaughterhouse workers. Trump described the industry as necessary, allowing him to continue working during the pandemic.
Winners included online game providers. Activision Blizzard and Electronic artswhose shares rose about three percent each. Credit Suisse analysts had previously set price targets for both companies. The virus crisis should not only lead customers to download more games, but also to spend more money on in-game purchases.
In the current reporting season, just over half of the S&P 500 companies have reported numbers so far. On this basis, analysts assume that these companies’ earnings in the first quarter will likely be 12.5 percent lower on average than in the same period last year. For the second quarter, they expect a 39 percent drop.
