Der Dow Jones Industrial continued to recover from its recent losses on Friday. However, the momentum eased somewhat in the course of trading.
The US benchmark index recently advanced by 0.43 percent to 34 231.61 points. From a weekly perspective, this indicates a slight minus. Concerns about the inflation and interest rate trend weighed heavily on the stock market barometer, especially on Wednesday.
The market-wide S&P 500 increased on Friday by 0.12 percent to 4164.24 points. The tech-heavy Nasdaq 100
lost initial gains and last fell 0.31 percent to 13,452.34 points.
Credit Suisse said that the day before, better unemployment figures had once again nourished hopes of a rapid labor market recovery and attracted buyers. In the short term, however, the experts do not expect a directional decision on the stock market. The fundamentals were optimistic, but technical market indicators suggest restraint. At the beginning of the previous week, the Dow had reached a record level of 35 091 points. On the Nasdaq 100 it was 14 073 points in April.
With a view to the Dow, Andreas Büchler, an expert at Index-Radar, added that the US benchmark index moves back and forth between two relatively closely spaced price zones in which demand or supply prevented further progress in the respective direction. Both the willingness to buy in the range between 33,300 and 33,500 points and the selling pressure, which can only be measured just above this at 35,100 points, had an impact on the price development.
At the top of the Dow, Boeing’s shares rose
by around three percent. Börsianer referred to a media report, according to which the aircraft manufacturer plans to increase the production of models of the problem type 737 Max more clearly than expected.
AT & T’s papers gained a good one percent according to an analyst comment. Exports John Hodulik from UBS bank praised the simplification of the group structure. This means that the telecommunications group can be better assessed, which in turn results in an attractive ratio of opportunities and risks for systems.
The previous day had already had the successful IPO of Oatly
received a lot of attention. The papers of the Swedish oat milk company had ultimately gained almost 19 percent compared to the issue price. On the second day of trading, the rally continued with a plus of almost 9 percent./la/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0315 2021-05-21/19:49
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