Without a clear direction, INDEXSP: .INX closed on Monday. While the standard values on Wall Street mostly ended in the minus, the technology stocks were mostly solid.
The Dow Jones Industrial closed with a loss of 0.45 percent at 24,221.99 points after falling about 1 percent in early trading. The broad S&P 500 Index INDEXSP: .INX increased minimally by 0.018 percent to 2930.32 points. The technology-heavy Nasdaq 100 rose 0.85 percent to 9298.92 points.
Under Armor stocks were below the individual values particularly striking with a loss of more than 10 percent. The US sporting goods manufacturer and a big Nike competitor had announced that sales in the first quarter had dropped 23 percent, primarily due to the Corona crisis. The bottom line was a loss of $ 490 million after a profit of $ 22.5 million a year earlier. For the current quarter, the company is anticipating a drop in sales of 50 to 60 percent.
Marriott’s shares ultimately lost 5.6 percent. The hotel chain clearly missed earnings expectations. After a good start to the year, Marriott sales fell by 7 percent in the first quarter, while profits fell by 92 percent. In April, sales per room dropped 90 percent. Around a quarter of the Marriott hotels are currently closed.
There was news from the stricken US cosmetics group Coty (NYSE: COTY) , which sold 60 percent of the Darmstadt Wella Group to the financial investor KKR. However, Coty’s quarterly results were unexpectedly weak. The shares lost more than 7 percent.
AMC Entertainment Holdings Inc (NYSE: AMC) skyrocketed nearly 30 percent after media reported Amazon consider taking over the film producer. The shares from the graphic chip manufacturer Nvidia (NASDAQ: NVDA) hit a new record high of $ 322.62 and closed the day up 3.24 percent.
The exchange rate of the euro declined slightly in US trade, but remained above the $ 1.08 mark. The single EUR was last traded at $ 1.0813. The European Central Bank (ECB) had set the reference rate at $ 1.0824 (Friday: 1.0843). The dollar had thus cost 0.9239 (0.9223) euros.
US government bond prices fell. Trend-setting ten-year bonds lost 6/32 points to 107 16/32 points. They paid 0.70 percent