Suche
Mein Konto
Middle East crisis weighs on Wall Street - Dow Jones in the red
New York stocks outlook: Dow expected to be in the red due to Middle East tensions. Read how Wall Street is reacting and which companies are affected.
Middle East crisis weighs on Wall Street - Dow Jones in the red
Stock markets in New York are expected to open on a negative note as tensions in the Middle East unsettle investors. The Dow Jones Industrial is expected to be 0.4 percent lower at around 37,631 points three quarters of an hour before trading begins. This indicates a possible weekly loss of around one percent for the US leading index. The Nasdaq 100, on the other hand, is expected to remain virtually unchanged.
Israel has reportedly retaliated in response to a major attack by Iran, raising fears of further conflict in the region. Various countries, including the US, Britain and Germany, have tried to pressure the Israeli government to avoid escalation.
In retail, Netflix posted a loss of 6.2 percent in premarket trading. Although the streaming provider exceeded analysts' expectations in terms of subscriber numbers last quarter, its growth target for 2024 disappointed.
Procter & Gamble lost 1.6 percent before the start of trading, although the company forecast a higher profit for the current year. Third-quarter earnings beat market expectations, but sales fell short of forecasts.
American Express shares had little reaction to the quarterly results as the credit card provider increased first-quarter sales by 11 percent. The results were in line with analysts' expectations. Schlumberger saw shares fall 1.3 percent as the oilfield equipment provider reported higher first-quarter results but left its 2024 outlook unchanged.