Record run of the US stock exchanges slowed down

Record run of the US stock exchanges slowed down. US investors cashed in at the beginning of the week. The Dow Jones index of standard values fell 0.4 percent to 34,078 points. The broader S&P 500 lost 0.5 percent to 4163 meters. The index of the technology exchange Nasdaq was listed almost 1.0 percent weaker at 13,914 positions. "The market has made a huge leap up, so it needs to take a little rest," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "It's only been some profit-taking right now as traders await results from the big tech names on Wall Street." Investors were on the lookout for clues as to whether US firms were recovering from the aftermath of the pandemic. "The market is waiting to see if the bank profit frenzy spreads to other sectors," said Thomas Hayes, chairman of Great Hill Capital. Last week, the major US banks shone with consistently better than expected balance sheets and pushed prices to new highs. According to better-than-expected numbers, Coca-Cola rose by up to 0.6 percent. The beverage maker benefited from the easing of pandemic restrictions and the widespread adoption of vaccines. At the same time, however, the US company warned of the consequences of increasing numbers of infections in important markets. In contrast, IBM gave in slightly. The Group's balance sheet was expected after close of trading. Bitcoin fell slightly to $ 56,077 on the Bitstamp exchange after the price fell by almost $ 10,000 at times over the weekend. Crypto stocks also came under pressure. The Bitcoin miners Riot Blockchain were cheaper by more than eight percent. After the recent soaring, cryptocurrencies were ripe for a retreat, said analyst Edward Moya from brokerage house Oanda. Tesla papers were also on the sales list, which fell 3.4 percent. Authorities were investigating a Texas car accident involving a Tesla vehicle that killed two people. Presumably the vehicle was controlled by an autopilot. Tesla did not initially comment on this. In contrast, Harley-Davidson shot almost ten percent to its highest level in over two and a half years. An upwardly screwed sales forecast made investors resort to the shares of the American cult motorcycle manufacturer. Investors also focused on Gamestop, which increased by more than six percent. A media report about an increase in stake held by investor Keith Gill known as "Roaring Kitty" provided a boost. In addition, the head of the US video game retailer, George Sherman, is leaving the company until July 31. Manchester United's shares, listed in New York, rose more than six percent at their peak. Previously, the titles of the Italian champions Juventus Turin had shot up 17.9 percent. The background is the plans of twelve leading football clubs from three countries for a European super league to compete with the UEFA "Champions League". The analysts at Intesa Sanpaolo estimated that a Super League would bring in more TV rights. Ticket sales, sponsorship and merchandising could also benefit, given the quality of the games and the large audience these clubs have.