Wall Street lost momentum after war worries – here are Wednesday night’s key events


New York stock markets opened strongly but enthusiasm waned midway through the trading day. US producer price figures indicating that inflation may be easing contributed to all indexes still closing in the positive.Published: November 15, 2022, 10:59 p.m

Major indexes in the US lost momentum – but closed in the greenWall Street opened with broad gains but fell after reports of suspected Russian robots killing two people in Poland. After all, all major indexes closed at a plus on a day that was otherwise characterized by signals that inflation may be slowing. The technology-heavy Nasdaq rose 1.5 percent, with Chinese companies such as the search engine giant Baidu and the e-tailer JD.com as the locomotive. The S&P 500 rose 0.9 percent and the Dow Jones was up 0.2 percent. The S&P 500 thus closed 6.6 percentage points below the listing at the close of the Stockholm Stock Exchange.Information that Russian robots killed two in PolandJust after 19:00 Swedish time, AP reported that Russian robots had struck in the NATO country of Poland, after a day of massive missile attacks over Ukraine. At 22:00, it was still unclear how serious the incident might be seen by NATO, but experts claimed that it apparently it was not an attack on Poland but an effect of Russia’s imprecise way of firing weapons at Ukraine.”There will be strong reactions, but it is difficult to see how the NATO countries will want to get physically involved in the war. It could be about new sanctions,” said defense expert Col. Jack Jacobs on CNBC about a possible scenario where the information about Russian robots on Polish soil is confirmed.Fashion giant Zalando ready to cut additional costsGerman Zalando, which was previously largely owned by Kinnevik, has already reduced its costs by over SEK 1 billion this year in order to adapt to the tough market climate. But according to the Swedish Nordic manager Joanna Hummel, there are great opportunities to tighten the belt further. “I see lots of opportunities to become more efficient,” she tells Di.Di’s expert critical of the actions of major shareholders among several Swedish listed companies“Several high-profile large owners are ruining their listed companies right now. At the same time, the demands for stability and transparency from the main owners only become greater with more uncertain times,” writes Di’s analyst Torbjörn Isacsson and believes that the behavior of the major owners is harmful to smaller owners. In the analysis, Cint CINT -19.42% Today’s development, Storskogen STOR B -17.88% Today’s development, Corem CORE B -5.24% Today’s development and Castellum CAST -2.21% Today’s development are taken as examples.Representatives from the Wallenberg sphere during the summit in TurkeyThe Wallenberg family played a central role when Prime Minister Ulf Kristersson recently tried to appease the Turkish president to say yes to Sweden in NATO. Six central companies in the sphere were involved in the meeting with the Turkish government. “It is important that we join NATO and it is important for our companies,” says Wallenbergbolaget FAM’s CEO Håkan Buskhe. Additional gazelles featuredThree new companies have taken their place among Di’s gazelles during Tuesday evening. You can find the updated list here.

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