On New York’s Wall Street there are signs of a friendly opening trend on Thursday. The Dow Jones Industrial is likely climb to an all-time high, the fourth day in a row. The technology stocks on the Nasdaq should see a more pronounced recovery after the slight losses the day before.
The broker IG recently valued the Dow 0.30 percent higher at 32 393 points. The day before, the US benchmark index had reached a high of 32,389 points and ultimately gained almost 1.5 percent. The technology-heavy selection index Nasdaq 100 was last valued around 1.7 percent higher on Thursday after falling by around 0.3 percent the previous day.
The shares of Oracle are likely to be among the individual stocks
are in focus. The strong cloud business with IT applications and storage space on the Internet gave the software group a further boost in the past quarter. The bottom line was that the group earned almost twice as much in the three months to the end of February as it did a year ago. In addition, Oracle announced further share buybacks. Nevertheless, the shares reacted before the trading day with price losses of 5.3 percent. However, the price had risen by over 20 percent in the past three months and recently reached a record high, so that the opportunity for profit-taking seems favorable.
Facebook’s papers rose 1.2 percent in pre-market trading. Facebook is defending itself in court against the competition lawsuits with which the US government and the states want to achieve the dismantling of the online network. Facebook moved on Wednesday to dismiss the lawsuit because the states had not presented reasons such as damage to their respective economies. The more than 40 states accuse Facebook of unfair competition and want to achieve the separation of Instagram and WhatsApp in court.
The US-traded shares of JD.com gained 5.6 percent early on the market. The Chinese Internet group with its online trading platform of the same name had previously published positive quarterly figures.
Biotech company Vir Biotechnology also shared its latest business development. The Vir shares then shot up by more than 50 percent before the IPO./edh/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0275 2021-03-11/14:54
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