Börse Express – New York stocks: Dow and S&P set more records to follow

NEW YORK (dpa-AFX) – Before a flood of company reports in the coming days, investors continued to show courage on Monday on the US stock exchanges. The New York indices were all up and so it was enough for the Dow Jones Industrial
as well as the S&P 500 for new records. The leading index Dow recently rose by 0.20 percent to 35,746.91 points and the market-wide S&P 500 by 0.48 percent to 4566.83 points.

Investors were even more optimistic about technology stocks before Facebook after close of trading and many other US industry giants will publish their quarterly results later this week. The Nasdaq 100 selection index, which is shaped by this sector advanced on Monday by 0.97 percent to 15,504.76 points. But it also has some catching up to do, after all, in contrast to the aforementioned New York indices, it is still a long way from a record.

In the market, it was said that investors continued to view the corporate reporting season with cautious optimism, which will be in full swing in the coming days. “The reports have been very promising so far, but whether the markets can continue to take the momentum depends on whether the big tech companies are on board or not,” commented market analyst Craig Erlam of broker Oanda. He was referring to the results expected over the course of the week from corporations such as Alphabet ,
Microsoft , Apple and Amazon .

What these four giants have long since achieved is now also at Tesla
Reality: The electric car maker was added to the ranks of US corporations with a market valuation of one trillion US dollars on Monday with a price jump of almost ten percent. Most recently, a strong quarterly report had already sent the shares back on a record rally, and now it has acted as a new driver that the US car rental company Hertz has ordered 100,000 electric cars. The stock is now on the brink of breaking the $ 1,000 mark.

This Monday, after close of trading, Facebook’s key figures are on the agenda. The company had also been worth more than a trillion dollars at times. While Facebook is generally coming under increasing pressure, there is currently speculation surrounding the question of whether founder Mark Zuckerberg will give the company a new name. The share recently made it just under 0.2 percent in the plus.

The recently heavily under pressure PayPal papers
recovered 4.1 percent. To make things easier, the payment processor reported on takeover talks with Pinterest countered. One is currently not aiming to buy the photo platform, said PayPal. The Pinterest shares then plummeted by 12.4 percent.

Once again, oil stocks were in general demand, such as price gains of 0.9 percent in the Dow chevron and 1.6 percent at Exxonmobil showed. The price of US WTI oil rose above the $ 85 mark on Monday for the first time since 2014. A high demand with only limited supply has been a price driver for oil for weeks./tih/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0268 2021-10-25/20:13

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