Börse Express – Aktien New York: Record run continues with small steps according to job data

NEW YORK (dpa-AFX) – Given a strong labor market recovery in the United States, the US stock exchanges have reached new highs. Both the market-wide S&P 500 as well as the Nasdaq indices, which are mainly peppered with technology stocks, once again achieved all-time highs. The Dow Jones Industrial
however, is still lagging behind.

“The US labor market is recovering vigorously, although the consensus estimate for the unemployment rate was missed. The employment rate has meanwhile stagnated,” said Helaba analyst Ralf Umlauf, summarizing the development in June. According to him, there is not yet any acute pressure to act on the US Federal Reserve to deviate from its ultra-expansionary monetary policy, as many millions of jobs are still missing. He also referred to the reduced number of hours worked on average, while hourly wages had increased.

The Dow jumped 0.03 percent in early trading to 34,644.86 points on the spot. The S&P 500, however, advanced by 0.27 percent to 4331.44 points and continued to build on its exceptionally strong half-year profit. The Nasdaq 100 Technology Selection Index
rose by 0.67 percent to 14,657.60 points./ck/men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0205 2021-07-02/16:30

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