NEW YORK (dpa-AFX) – After the sharp setback in the middle of the week, the US stock exchanges rose significantly again in a countermovement. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) last rose on Thursday by 1.91 percent to 30,883.33 points, after losing a good 2 percent in the middle of the week and falling to its lowest level since the beginning of the month.
With the broader S&P 500 it went up 2.07 percent to 3828.26 points on Thursday. Among the technology indices, the NASDAQ 100 rose 2.14 percent to 13,393.72 points.
Overall, robust economic data put people in a good mood on Wall Street. The number of weekly initial jobless claims fell surprisingly significantly. In addition, despite the setback on Wednesday, there is still hope that the vaccines against the corona virus will work and that another stimulus package worth around 1.9 trillion dollars will be launched to stimulate the economy and the labor market again, as well as the pandemic contain.
The quarterly reports of some US heavyweights made for a topic of conversation. Apple shares fell more than one percent at the Dow end. The iPhone manufacturer drove a record profit in the Christmas quarter. In view of the historically high valuation of the papers, the upside potential is now exhausted, judged analyst David Vogt from the Swiss bank UBS.
Tesla’s shares lost just under three percent. The statements of the manufacturer of electric cars about the deliveries this year are “vague”, complained analyst Brian Johnson of the Barclays Bank. Here the market has been waiting for more precise forecasts.
The shareholders of Facebook but could look forward to a plus of 0.3 percent. The world’s largest online network continued to grow unchecked during the pandemic.
At the top of the Nasdaq 100, American Airlines’ shares soared by around nine percent. The airline posted a smaller loss in the final quarter than had been expected by the market. Among the favorites in the Dow, the papers of the entertainment company Walt Disney, the credit card provider American Express and the chip manufacturer Intel won between 5.1 and 5.8 percent.
Meanwhile, the focus remained on the unusual price capers in the shares of the video game dealer Gamestop (Gamestop A) and other companies. The exchange supervisory authority and the Ministry of Finance are alarmed and calls for stricter regulation are getting louder because of the high risk of loss. Recently, shares of a number of troubled companies, against which professional investors such as hedge funds bet, have become objects of speculation for smaller investors who organize themselves on the Internet. This resulted in price gains in the three-digit percentage range.
The Gamestop shares fluctuated very strongly this Thursday and recently plummeted by 24 percent. The papers of the world’s largest cinema chain AMC (AMC Entertainment A), which was recently considered a bankruptcy candidate, collapsed by 48 percent. An important reason for the countermovement on Thursday was that some trading platforms, such as the Robinhood app, which is popular with small investors, had temporarily excluded the companies because of the price volatility./la/he
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