The stock exchanges in New York started with small volumes for the new trading week. Wall Street is looking forward to the State Of The Union speech that President Donald Trump said on Tuesday. Although another busy week is on the roll again, there is currently hardly any guiding news.
The Dow-Jones index scored 0.1 percent lower at 25.042 points shortly after the opening bell. The broad S & P 500 dropped a fraction to 2706 points and technology exchange Nasdaq gained 0.2 percent at 7275 points.
Trump’s speech, the American throne speech, was previously postponed due to the shutdown of the American government. That was averted until 15 February, but Trump already speculated last weekend about a new shutdown if there is no money for a border wall.
Pizza chain Papa John’s (plus 9 percent) is the subject of interest after a $ 200 million investment by the Starboard investment fund. Starboard CEO Jeffrey Smith will also become chairman of the fast food company. Papa John’s goes through a turbulent period after the company set aside founder John Schnatter last year as chairman after a racism scandal.
Tesla buys the Maxwell Technologies battery maker, the latter being valued at $218 million. The Maxwell share jumped more than 50 percent while Tesla dropped by 0.3 percent.