The shares of Boeing are among the weakest in the Dow Jones index, as the European low-cost airline Ryanair is no longer planning new orders for the model 737 MAX. In addition, the slump in Bitcoin & Co triggers a sell-off in crypto stocks.

After the long holiday weekend, investors reaped profits on the US stock exchanges after the record levels of the previous week. “Investors are seeing the economy slowing and the outlook becoming a little more opaque. So it’s understandable that they don’t want to jump in and invest money right away. There are legitimate concerns about the Delta variant, about Chinese and global growth and the Inflation (…) “, said investment strategist Willem Sels from HSBC Private Bank.

Of the Dow Jones Index decreased by 0.8 percent to 35,100 points, the S&P 500 fell 0.3 percent. Of the Nasdaq composite on the other hand increased by 0.1 percent. “The delta variant is beginning to show,” said investment strategist Brad McMillan of Commonwealth Financial Network, referring to the rising prices in the technology sector. This is considered the winner of the corona crisis.

The US Federal Reserve should gradually start normalizing its monetary policy despite the weak labor market data. The data is likely to have been due to the leisure and hospitality sector and the rapidly spreading delta variant of the coronavirus, while the industry’s labor requirements have not changed, according to BCA. But equity investors did not like to hear such arguments in favor of tighter monetary policy. Meanwhile, Barclays strategists have raised their year-end target for the S&P 500 to 4,600 from 4,400. “We do not believe that the beginning of the tapering leads to a sell-off on the stock market,” they justified their new assumption.

Boeing very weak with loss of orders

The titles of Boeing booked a discount of 1.8 percent. Ryanair, the aircraft manufacturer’s most important customer outside of the United States, is no longer planning any new orders for the 737 Max. In addition, deliveries of the 787 Dreamliner are likely to be halted until at least the end of October. Proposals to inspect the aircraft have not been approved by the authorities, according to people familiar with the matter.

Under the small caps climbed ford by 0.6 percent. The US automaker had hired a former Apple and Tesla board member, Doug Field, to advance new technologies. Match Group jumped 7.3 percent. The matchmaking stock will be added to the S&P 500 on September 20th.

The price of the cryptocurrency exchange Coinbase fell in the wake of Bitcoin by 4.2 percent. The cryptocurrency benefited on Monday from the fact that El Salvador was the first country to accept Bitcoin as a means of payment. Now the course came back.

A positive analyst comment helped Spotify to an increase of 2.3 percent. Keybanc recommended buying the stocks and raised their price target. Stocks of US aluminum manufacturers reacted late to the military coup in Guinea because of the holiday. The country is an important supplier of bauxite, which is used in the manufacture of aluminum.