US stock exchanges: Dow Jones is in the red – AI euphoria is fading
After the euphoria over the planned IPO of Anthropic, the momentum at the US markets is slowing down somewhat. Investors are focusing on new company figures and the Middle East.
US stock markets started mixed on Tuesday, with the Dow Jones opening nearly unchanged at 52,277 points, while the S&P 500 and Nasdaq gained 0.5% and 1% respectively. Investors are awaiting upcoming company earnings reports, the Federal Reserve's interest rate decision on Wednesday, and the European Central Bank's decision on Thursday.
Companies including PayPal, Coca-Cola, and United Parcel Service Inc. are set to report their earnings on Tuesday, with UPS shares rising about 1% and Coca-Cola shares remaining unchanged after both companies raised their full-year revenue forecasts. Market analysts are closely watching the possibility of sustained inflation and its impact on monetary policy.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
