Economy

Hyundai puts brakes on Apple; erratic trading at GameStop | Financial

At around 7.30 pm (Dutch time), the Dow Jones index will gain 0.4% at 3173 points. The broad S & P500 wins 0.3% on 3899 points. Nasdaq tech exchange rises 0.5% to 13925 points.

Investors in the US are relying on the drive of US President Joe Biden to get the proposed massive new bailout package through Congress. A disappointing figure from the US labor market last Friday also seems to open the door to additional fiscal impulses. The successful roll-out of the vaccination program in the US and the generally better-than-expected figures season also provide support.

Good start Tesla

Tesla accelerates with a profit of 1.6%. The electric car manufacturer entered bitcoin for $ 1.5 billion last month and is also looking to accept payments with the digital currency.

Walt Disney, which provides insight into the annual figures this week, shows a plus of 1.7%.

Apple is down 0.6%. Investors were disappointed with a statement by South Korean automakers Hyundai and Kia that no talks are being held with the US technology group about a possible collaboration. In recent weeks there have been rumors that the carmakers would develop self-driving electric cars together with Apple.

Toy maker Hasbro has also published results. Investors did not like this and the share was lowered by over 2%.

GameStop is looking at erratic trading at a minus of 3% after the retailer of video games also showed a significant recovery at the end of last week after the earlier dip.

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