Dow Jones closes in the red: Investors are looking for orientation

At the beginning of the year, prices are skyrocketing.

Dow Jones closes in the red: Investors are looking for orientation

At the beginning of the year, prices are skyrocketing. But February missed the stockbrokers a reality check. Many titles are going down again. The big loser is the cruise company Norwegian Cruise.

Investors on Wall Street have gone looking for direction. Interest rate fears slowed the latest bargain hunt after the heavy losses of the previous week. The Dow Jones index of standard values ​​was 0.71 percent lower at 32,654.98 points. The broader S

"After a strong start to the year, February was a reality check for the stock market," said Konstantin Oldenburger, market analyst at broker CMC Markets. "The US Federal Reserve is expected to end interest rate hikes by October at around 5.5 percent," explained Matthias Scheiber from asset manager Allspring. At the beginning of the year, the markets saw the top interest rate at five percent.

The US variety WTI and the North Sea variety Brent rose by 2.3 and 1.8 percent to 77.43 and 83.95 dollars per barrel (159 liters). The background to this is hopes for an imminent recovery in demand in China.

On a stand-alone basis, Norwegian Cruise shares slipped more than 10.64 percent after a disappointing outlook. In their wake, other cruise papers such as Caribbean Cruises and Carnival lost 1.92 and 2.03 percent respectively. Increased fuel and personnel costs are causing problems for Norwegian Cruise.

In turn, Zoom's stocks gained 1.18 percent after an encouraging earnings forecast. In addition, the video service provider announced that it would rely more on artificial intelligence. Investors also reached out to Facebook parent Meta after an announcement about a new artificial intelligence (AI) strategy. The securities rose by 3.19 percent at times and were among the biggest winners on the New York technology exchange Nasdaq. In the long term, Meta wants to focus on the development of AI personalities that could help users in many ways, Meta boss Mark Zuckerberg wrote on Instagram.

Meanwhile, a surprisingly high profit in the fourth quarter boosted Target shares by 0.98 percent. For the most recent quarter, the retailer reported earnings of $1.89 per share versus an analyst forecast of $1.40. The discounter was able to benefit from bargain hunters in the Christmas business.