Boerse Express – ROUNDUP/New York Stocks: Gains

NEW YORK (dpa-AFX) – Thanks to pleasing quarterly figures, the US stock exchanges made profits in early trading on Thursday. In particular, the electric car manufacturer Tesla delighted investors with further sales and profit records. In addition, the business figures and outlook for the airlines American Airlines und United Airlines to positive feedback. Slightly disappointing economic data did not dampen sentiment on the stock market.

The leading index Dow Jones Industrial rose to its highest level in more than two months and was last listed 0.92 percent higher at 35,483 points. The market-wide S&P 500
gained 1.12 percent to 4509 points. The tech-heavy Nasdaq 100 which came out midweek amid disappointing Netflix numbers had suffered, now advanced again by 1.67 percent to 14,233 points.

Tesla shares gained more than eleven percent after the surprisingly robust quarterly figures. The growth numbers eclipsed reports from other companies, wrote analyst Stephen Innes of asset manager SPI Asset Management. He found this all the more remarkable as the business figures had so far largely exceeded expectations.

American Airlines shares rose by around seven percent. Thanks to good booking prospects for the current quarter, the airline announced a return to profitability. The competitor United Airlines was also able to convince on the market, as the price increase of eleven percent showed. Despite deep red figures at the start of the year, United expects business to recover strongly towards the summer. The demand is booming so much that in the current quarter not only a return to the profit zone, but even record sales are to be expected.

At AT&T Investors were happy about a price increase of more than three percent after the telecom group had gained significantly more new customers in the first quarter than analysts had expected.

The chemical company Dow Inc. reported a surge in sales and profits for the past quarter despite higher energy prices. The shares rose by almost five percent at the top of the leading index Dow Jones./ajx/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0268 2022-04-21/16:07

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