US-Börsen: Tech-Werte stabilisieren sich vor den Midterms – Shopify-Aktie bricht ein

On the day of the US midterm elections, the main indices on Wall Street did not align in a single direction. Apple's sharp losses aside, technology stocks stabilized following significant declines. Meanwhile, industrial stocks saw slight pressure during trading on Tuesday. The Dow Jones Industrial Average, representing blue-chip stocks, lost 0.2% to reach 51,858 points.

The broader S&P 500 index edged up slightly at 7,591 counts. The technology-focused Nasdaq gained 1.2% to 25,473 points, still recovering from a more than 10% drop from its record high, signaling a correction. The first results of the midterm elections were due to be released in the early hours of Wednesday. The final outcome depended on the narrowness of individual races, with the possibility of it taking days to be certain.

The vote was about shaping the future composition of Congress, as well as dozens of gubernatorial seats and positions at the state and local levels, along with numerous proposals ranging from a billionaire tax to abortion rights. Democratic gains in the House of Representatives seemed likely compared to Republican gains, while the Senate's majority remained uncertain.

Thus, the election would determine how free President Trump would be to govern in the remaining two years of his term. The US dollar strengthened alongside US returns on the day of the midterm elections. Rising yields on US Treasury bonds and solid economic data supported the currency. Traders primarily sought clues about the dollar's further trajectory in the Middle East.

The Bloomberg Dollar Spot Index rose 0.2% on Tuesday, hovering near its October high when high inflation rates spurred expectations that the Federal Reserve might tighten monetary policy further. Trading this week suggested that oil prices and the prospect of a deal between the US and Iran could significantly impact the dollar in the coming days.

On Monday and intermittently on Tuesday, the dollar declined alongside oil prices. Apple's stock fell by three percent, driven by record sales and profits but warnings of rising costs for memory chips. "See also: Apple earnings beat expectations - outlook depresses share price but remains below." Shopify stocks saw shock from the first quarterly revenue disappointment in nearly four years, losing up to 13% to about $136.

That marked a level from late September. The subsequent decline was seven percent. Pfizer raised its annual forecast after a strong third quarter, remaining unchanged on Tuesday but up more than ten percent last month.