gained 0.51 percent to 14,933.93 points.
The recovery of the US labor market from the Corona slump is progressing. Last week, the number of initial jobless claims fell again, this time by 29,000 to 348,000. The decline was therefore more pronounced than analysts expected. The economic outlook in the USA improved more than expected in July – as measured by the composite index of leading economic indicators. By contrast, the business climate in the Philadelphia region surprisingly clouded over in August.
Among the individual values were the titles from Cisco by 3.8 percent, making them the front runner in the Dow. A high demand for devices for Internet and data traffic brought the network specialist significant business growth in the past quarter.
A high demand for gaming equipment such as graphics cards and technology for data centers helped the chip company Nvidia into a surprisingly strong second quarter. The shares gained 4.0 percent, making them one of the strongest stocks in the Nasdaq 100 index.
Macy’s department store group convinced investors with a surprising net sales target for the current financial year. The shares shot up by almost 20 percent and reached their highest level since January.
Alibaba’s shares expanded their recent losses and fell nearly 7 percent. The online trader’s Hong Kong-listed paper had previously fallen to record lows amid continued pressure from Chinese regulators.
Doordash’s papers sagged by 5.0 percent. The Bloomberg news agency had previously reported, citing insiders, that the conglomerate Softbank Will sell shares of the food delivery company with a volume of around 2.2 billion US dollars.
The Euro US trade crumbled somewhat and approached its lowest level in nine months. Most recently, the common currency was traded at 1.1676 US dollars. The European Central Bank (ECB) had set the reference rate at 1.1696 (Wednesday: 1.1723) dollars. The dollar had thus cost 0.8550 (0.8530) euros.
The prices of US bonds held their initial price gains during trading. The futures contract for ten-year Treasuries (T-Note-Future) was recently quoted 0.21 percent higher at 134.42 points. In return, the yield on ten-year government bonds fell to 1.24 percent./edh/stw
Source: dpa-AFX
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