NEW YORK (dpa-AFX) – The US leading index Dow Jones Industrial set a record for the fourth day in a row on Thursday. After the first hour of trading, it gained 0.73 percent to 32,532.29 points. The S&P 500, which is broad in the market, was only slightly more than 14 points short of the record; it last recorded a plus 0.96 percent to 3936.18 points. The technology-heavy Nasdaq 100 was still catching up with an increase of 1.82 percent to 12,984.34 points.
The number of initial jobless claims last week in the US fell more than expected. Nonetheless, this hardly had a negative impact on prices on the American bond market. The yield on ten-year government bonds was most recently 1.54 percent. There was no pressure on the stock market. Recently, the return had risen to 1.6 percent and above all let the highly valued tech stocks slide.
There was positive news on Thursday for Johnson & Johnson, whose corona vaccine has now been recommended by the European Medicines Agency (EMA) for approval in the EU. The EU expects the first deliveries in April. The Johnson & Johnson vaccine has the advantage that it only needs to be administered once. The shares of the Dow-listed pharmaceutical company advanced 0.3 percent.
At the top of the leading index, the shares of the aircraft manufacturer Boeing gained a further 3.3 percent. Since the beginning of the week, the plus has added up to more than 13 percent. According to circular reports, the Airbus competitor is apparently on the verge of a major order from Southwest Airlines for the 737 Max. The Boeing shares are also benefiting from the current trend in the stock market towards papers of the “old economy” and from the aviation industry’s hopes for an approaching end of the Corona -Crisis.
In the very solid technology sector, Oracle stocks stood out negatively. The strong cloud business with IT applications and storage space on the Internet gave the software company a further boost in the past quarter, but the papers sagged by more than eight percent. The announcement of further share buybacks did not help either. The shares had recently reached a record high, so investors are now probably making profits for the time being./ajx/fba
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