Harley-Davidson hard ahead on US distributed exchanges

The American trade fairs are closed on Tuesday divided. Motorcycle manufacturer Harley-Davidson and chipmaker Xilinx were the big winners in New York. Software giant Microsoft rose in the run-up to the publication of quarterly figures.

The Dow Jones index ended 0.8% lower. The broadly composite S&P 500 index dropped 0.3%. In fact, Nasdaq technology fair rose 0.6%.

Discussions on a new support package for the US economy between the Republicans and Democrats in Congress continued today. However, little progress appeared to be made.

Chip producer Advanced Micro Devices (AMD) did give rise to concern by taking over its industry partner Xilinx for $35 billion. The deal gives AMD more room to compete with Intel in data center chips. The Xilinx share rose 8.6%, while AMD‘s stock price declined 4.1%.

Several companies came with quarterly results today. The figures of motorcycle builder Harley-Davidson (+22.1%) fell well. The company sold 8% fewer engines in the last quarter, but profits rose from $87 million to $120 million. Afbeurs comes out, among other things, software giant Microsoft (+1.5%) with results.

Insurer American International Group (AIG) left 0.3%. AIG has announced that it will split itself up, separating life insurance and pension activities. In addition, a new top man was appointed to the financial group.

Restaurant Brands International, the parent company of Burger King, opened the books and was reduced by 3.6%. Burger King’s restaurants had a significantly lower turnover than a year before, but they did recover compared to the second quarter. Machine builder Caterpillar still feels the crisis in results as companies invest less and went down 3.3%.

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