New York stock markets remained close to home on Tuesday after rallying in recent trading days. Wall Street investors continued to focus on political developments in Washington on President Joe Biden’s new Corona support package of $ 1.9 trillion. In addition, the quarterly numbers have been processed for various companies.
The Dow Jones index closed slightly lower at 31,375.83. The broad S&P 500 index fell 0.1 percent to 3,911.23 and the technology Nasdaq index fell slightly to 13,687.08 points.
The Senate and the House of Representatives voted on Friday on a budget resolution allowing Democrats to get Biden’s new aid package through Congress without support from Republicans. It will likely take a few weeks before the final bill is drafted.
Computer game maker Electronic Arts (EA), known as FIFA soccer games, is buying its industrial counterpart Glu Mobile for $ 2.1 billion. Glu Mobile has made mobile versions of Call of Duty shooter games, classic Lemmings puzzles and the Tony Hawk skateboarding series, among others. Glu Mobile’s share jumped nearly 35 percent. EA won, with 2.6 percent.
Take-Two Interactive Software’s PC gaming product fell just 6 percent, after disappointing results. Cosmetic company Coty lost 15 percent, also due to disappointing numbers. Goodyear Tire & Rubber dazzles investors with performance, with an IPO of 6 percent.
Chemist Eli Lilly was also in the spotlight with a 2% deficiency. CFO Josh Smiley has to leave after a workplace relationship emerges.
General Motors Auto Group lost 1.4 percent. GM is extending the shutdown of three plants until at least mid-March due to the chip shortage hitting the auto industry around the world. These are factories in the United States, Canada, and Mexico. Previously, GM planned to shut down sites for a week.
The value of the euro was $ 1.2117 against $ 1.2101 at the close of trading in Europe. The price of a barrel of US oil rose 0.5 percent to $ 58.40. Brent crude rose 0.9 percent to $ 61.20.
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