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NEW YORK (dpa-AFX) – On the US stock market, investors will probably have to bake smaller rolls again on Thursday after the price jump in the middle of the week. Half an hour before the start of trading, broker IG valued the Dow Jones Industrial (Dow Jones 30 Industrial) up almost 0.1 percent to 32,836 points and the NASDAQ 100 0.3 percent higher to 13,293 points. A flood of company figures and outlooks was received mostly positively.
On Wednesday, the leading index had increased by 1.3 percent and the technology-heavy selection index even by 2.7 percent. Optimistic economic data from the world’s largest economy proved to be helpful.
Positive earnings surprises in the past quarter brought the cereals manufacturer Kellogg and the stock exchange operator Intercontinental Exchange pre-market price gains of almost two and almost four percent, respectively. The health insurer Cigna also raised its profit outlook, which gave the share an increase of almost four percent. At Burger King’s parent company, Restaurant Brands (Restaurant Brands International), the surprisingly strong quarterly report caused a pre-market price increase of four and a half percent.
The fact that Alibaba exceeded sales expectations caused the shares of the Chinese Amazon competitor (Amazon) listed in New York to rise by almost seven percent before the market. The oil company ConocoPhillips was able to more than double its profit for the quarter and also scored with the announcement of higher capital distributions: the shares gained 2.3 percent.
In contrast, shares in Eli Lilly (Eli Lilly and) fell two percent after the pharmaceutical company reported a sharp drop in quarterly profit and lowered its earnings outlook for the second time this year. At the car supplier Aptiv (Aptiv (ex Delphi Automotive)), lower annual targets also weighed on the mood, as the price drop of almost nine percent showed./gl/zb
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