Wall Street: Stabilization at the start of the week – Nike sprints off

On Friday, investors in New York were still cautious. Red signs dominated the market. But cautious optimism is returning to Wall Street at the start of the week. Shortly after trading began, the leading index Dow Jones rose by 0.2 percent to 43,499 points, after slipping by 1.7 percent on Friday to its lowest level since mid-January. It was the Dow's biggest daily loss since mid-December last year.

The broad market S&P 500 also recovered by 0.2 percent to 6,022 points. The technology-heavy Nasdaq 100 rose by 0.1 percent to 21,637 points. It had even lost two percent before the weekend.

The focus this week is primarily on the figures of the US technology giant Nvidia. The company plans to publish its figures on Wednesday after the stock market closes. On Monday, the chip company's share price rose slightly after the shares had fallen by four percent on Friday. Stock market traders see the Nvidia figures as an important test of what will happen next with the "Magnificent 7", the seven US giants from the technology sector.

Berkshire Hathaway's B shares are in demand. The stock is up by almost three percent. The investment conglomerate of star investor Warren Buffett presented its business figures at the weekend and reported a jump in profits for the fourth quarter. Berkshire Hathaway is worth one trillion US dollars on the stock market, making it one of the most valuable US companies after the "Magnificent 7".

Nike shares are up 5.4 percent. The reason: The analysis firm Jefferies issued a buy recommendation for the sporting goods company's shares and called the shares a new "top pick."

Shares in Tesla competitor Rivian are down 7.5 percent. The electric car manufacturer had already disappointed investors on Friday with its forecast for vehicle deliveries. As a result, Bank of America has now downgraded the shares to "underperform."