Wall Street opened lower on Wednesday. Among the major indexes, the S&P 500 opened with a 1.03 percent decrease, the Dow Jones with a 0.22 percent decrease and the Nasdaq 100 with a 1.73 percent decrease.
The S&P 500 and especially the Nasdaq 100, which were focused on technology companies last year, suffered from the plans aimed at limiting the import and export of semiconductors, with which the United States tried to destabilize China. The reason is ASML and Tokyo Electronin chip trade with China by companies like
Also, the favorite in the US presidential race Donald Trump announced that the United States will not defend Taiwan without payment, which could bode well for the island nation’s chip maker, for example TSMC:lle.
The first taste of the decline in semiconductor companies was already seen in the European market, where ASML was down more than 9 percent on Wednesday. of Wall Street semiconductor companies Nvidia opened down 4.34 percent and AMD to a decrease of 5.55 percent.
Intel, whose stock opened Wednesday with a 7.05 percent gain, would seem to be the beneficiary of tariffs on companies such as Taiwanese chipmaker TSMC.
The new slimming drug influenced the market leaders
Swiss pharmaceutical manufacturer Roche on Wednesday reported promising results of its slimming drug candidate in testing. The company said the once-daily oral drug achieved a 6.1 percent weight loss over four weeks.
Manufacturer of the market leader Wegovy Novo Nordiskin the stock was down on Wednesday and the other market leader, the US Eli Lilly continued in the same direction at the dawn of Wall Street. Eli Lilly’s stock fell slightly after opening on Wall Street by 2.18 percent.
Source: www.arvopaperi.fi
