NEW YORK (dpa-AFX) – The US stock exchanges presented themselves quite robustly on the Friday before the long weekend. However, the indices gave up the majority of their gains a few minutes before close of trading. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) ended up with an increase of only 0.19 percent to 34,529.45 points. He posted an increase of 0.9 percent on a weekly basis. The market-wide S&P 500 closed on Friday 0.08 percent higher to 4204.11 points. Ultimately, it went up by 0.21 percent to 13,686.51 points for the technology-heavy NASDAQ 100. Monday is a public holiday in the USA and the stock exchanges are then closed.
All in all, investors on the US stock market were more willing to take risks most of the time, given the solid economic data, the spending plans of US President Joe Biden and the expectation that the US will continue to be very relaxed.Monetary policy, it said from the trade. The draft budget published on Friday said the budget for the coming year of around six trillion dollars will make the US more competitive by investing in infrastructure, education and research. The investment would create millions of jobs.
Up front in the Dow were the Salesforce papers. After a good start to the new financial year, the software company looks to the rest of the year with confidence and has raised its forecasts. In the past quarter, sales and profits increased significantly. This was very well received by investors, with shares increasing by 5.4 percent.
The day before, in the wake of the production targets of Airbus (Airbus SE (ex EADS)), Boeing moved back into focus with negative headlines. According to a press report, the aircraft manufacturer has to accept another setback in the rectification of production defects on the long-haul 787 Dreamliner. Boeing has stopped the delivery of the aircraft type again, reported the “Wall Street Journal”. The Boeing papers lost 1.5 percent at the Dow end.
Sales and earnings per share of the computer manufacturer HP Inc (HP) were better in the second fiscal quarter than analysts expected. Despite the positive numbers, some investors are betting that PC growth has peaked and won’t accelerate any further, traders said. This explains the high price drop of almost nine percent.
The shares of the cinema chain AMC Entertainment (AMC Entertainment A) initially soared by about a third to a record high. Once again, users on social media platforms have teamed up to initially drive the titles up, it said. As is so often the case, the titles fluctuated strongly on Friday. From trading, AMC then went 1.5 percent lower. The shares of the video game retailer GameStop, also often driven by speculation, fell 12.6 percent.
After temporary losses, the euro recovered in New York trading at rates of over 1.22 US dollars at times. After the US market closed, the common currency was trading at $ 1.2193. The European Central Bank (ECB) had set the reference rate at 1.2142 (Thursday: 1.2198) dollars, the dollar cost 0.8236 (0.8198) euros. On the bond market, the futures contract for ten-year Treasuries (T-Note-Future) rose by 0.06 percent to 131.82 points. The ten-year bond yield was 1.58 percent./ajx/he
— By Achim Jüngling, dpa-AFX —
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