Börse Express – New York Stocks: Record rally in tech stocks continues

NEW YORK (dpa-AFX) – The record hunt on the US technology exchange Nasdaq entered a new round on Friday. Both the major industry indices Nasdaq 100 and Nasdaq Composite as well as the heavily weighted individual values ​​alphabet , Apple and Microsoft
reached highs.

However, the standard values ​​on Wall Street gave way for the most part. They suffered from concerns that the pandemic would worsen further after Austria pulled the emergency brake in view of the massive fourth corona wave and will go into lockdown again from Monday.

This is how the Dow Jones Industrial expanded on Friday its most recent losses, falling 0.68 percent to 35,627.50 points. On a weekly basis, there is a decrease of more than 1 percent. For the market-wide S&P 500 it fell slightly to 4702.11 points on Friday.

The Nasdaq 100 recently rose 0.61 percent to 16,583.54 points. The Nasdaq Composite was recently up 0.48 percent.

The tech values ​​are currently being driven by some good company news as well as by the continued favorable environment. The US Federal Reserve wants to take its time with an interest rate hike, which many economists believe is the sharpest sword for fighting inflation. Low interest rates make it easier for the generally very growth-oriented companies in the sector to finance ./la/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0239 2021-11-19/16:28

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