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Wall Street indices give back gains
Wall Street goes into the red: Major Wall Street indices record losses due to the Middle East crisis. Investors remain cautious. Read more about the current developments. As of: April 15, 2024 10:13 p.m.
Wall Street indices give back gains
Wall Street turned negative despite initial gains as investors continued to be cautious about the Middle East crisis. Both the Dow Jones and the S&P 500 and the Nasdaq technology exchange recorded losses. Nevertheless, market participants expressed cautious optimism for the future, as the feared oil shock did not materialize thanks to falling oil prices. US investors are focused on earnings season and new economic data.
Gold prices rise amid geopolitical events while the euro trades weaker. The EU and Italy will negotiate the planned takeover of Ita by Lufthansa. Mercedes-Benz was the most profitable car company in the world in 2023. ProSiebenSat.1 exceeds analyst forecasts, while Südzucker expects profits to collapse due to higher production costs.
Samsung reclaimed the top spot in the smartphone market from Apple in the last quarter. The US is encouraging the move of chip production from Asia to Texas by Samsung setting up several locations with government support. Financial investor CVC Capital Partners is planning to list the company on the Amsterdam stock exchange with a target valuation of up to $16 billion.