The US stock exchanges presented themselves in good shape on Tuesday. For the first time in three months, the Dow climbed back above the 34,000 point mark. The papers of the fashion retailer Abercrombie are particularly in demand

Encouraging corporate balance sheets attract investors to Wall Street. However, fearing a setback for the global economy, they shied away from even larger purchases. The US standard value index Dow Jones closed 1.2 percent higher on Tuesday at 34,098 points. Most recently, it broke the 34,000 mark in mid-August. The tech-heavy Nasdaq advanced 1.4 percent to 11,174 points. The broad S

The mood is again being shaped by the pandemic in China, said Thomas Hayes, manager at wealth manager Great Hill. The government in Beijing is reacting to the increasing number of infections with increased restrictions. This hit the US shares of Chinese companies such as Bilibili, Pinduoduo and JD.com. They lost up to 2.7 percent.

In the cryptocurrency market, bitcoin stabilized at $16,097, just above its recent two-year low. Cryptocurrency broker and lender Genesis dismissed media reports of impending bankruptcy as a result of the FTX exchange collapse. However, the fear of contagion effects will not be dispelled, commented analyst Timo Emden from Emden Research.

Best Buy, on the other hand, was one of the favorites with a price increase of almost 13 percent. That was the biggest price jump in two and a half years. Thanks to discount campaigns, the company only expects a drop in sales of ten instead of eleven percent for the year as a whole. In the past quarter, the decline was 10.4 percent. Analysts had forecast a minus of 12.9 percent. Earnings were also surprisingly high at $1.38 per share. The company has only exceeded the already very low expectations, said analyst Michael Baker from the research house D.A. Davidson to consider.

Abercrombie numbers and outlook

A media report about Mark Zuckerberg’s planned withdrawal from the Meta leadership in the coming year briefly put the Facebook parent in the spotlight. The company immediately rejected these speculations. Meta shares were up 1.4 percent.