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Tesla and Apple are spoiling the mood on Wall Street

2023-01-04T09:35:20.637Z


Wall Street got off to a false start on the first day of trading in 2023. This was also due to another setback for the electrical manufacturer Tesla.


Enlarge image

Floor of the New York Stock Exchange: gloomy mood on the first day of trading

Photo: JUSTIN LANE / EPA-EFE

Negative news from Tesla and Apple dampened sentiment in New York on the first day of trading in 2023.

The tech-heavy Nasdaq 100 fell 0.70 percent on Tuesday to 10,862.64 points.

The selection index of the Nasdaq stock exchange ended the past year significantly weaker than the standard values ​​and lost almost a third.

The S&P 500 fell 0.40 percent on Tuesday to 3824.14 points.

Only the leading index, the Dow Jones Industrial, was almost positive at the end of the day, down 0.03 percent to 33,136.37 points.

After the last three days of recovery in a row, Tesla shares took a hit again at the beginning of the new year.

After disappointing delivery figures from the electric car manufacturer, they slipped by 12.2 percent as the bottom of the Nasdaq 100.

With a daily low of just under $105, they were temporarily not far from the $100 mark.

As early as 2022, the shares were among the biggest losers in the selection barometer at a discount of 65 percent.

Market participants are concerned that demand could fall further.

A significant slide in the price of Apple shares pushed the market value of the iPhone group below the two trillion dollar mark to its lowest level since the beginning of June 2021. At the end of trading, the papers at the Dow end lost 3.7 percent.

A report by the Japanese business newspaper "Nikkei" proved to be a burden, according to which Apple has instructed several suppliers to produce fewer components for some Californian products in view of falling demand.

mike/dpa

Source: spiegel

All business articles on 2023-01-04

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