Börse Express – New York Stocks: Indices up again

NEW YORK (dpa-AFX) – The New York stock exchanges have moved back into forward gear after the previous day’s losses. The price gains on Thursday meant new records for the Nasdaq indices, but it was not enough for higher record levels for other price barometers such as the Dow Jones Industrial. The leading index advanced by 0.48 percent to 35,661.99 points two hours before the end. His latest record high is just under 35,893 points.

The market-wide S&P 500 rose by 0.76 percent to 4586.36 points. The tech-heavy Nasdaq 100
advanced 0.91 percent to 15,740.45 points, which is the fourth positive trading day in a row. The tech stocks reporting season is currently seen as an important pillar here. The quarterly figures of the industry giants Apple, which are expected after the hours of the market, are eagerly awaited and Amazon
waited.

“Market participants are again looking at the full horn of company reports and quarterly figures,” commented market expert Andreas Lipkow from Comdirect – in many cases with good news. The fact that the US economy has recently lost significant momentum therefore did not have a slowing effect. According to stockbrokers, this could ease some of the monetary pressure that the US Federal Reserve is under due to high inflation. Your interest rate decision is on the agenda for the coming week.

Apple and Amazon report after hours on the last quarter, especially Apple received advance praise with a price increase of 2.5 percent and the approach to the seven-week-old record high. It is eagerly awaited to see whether the iPhone manufacturer will continue to get through the global chip bottlenecks well after a strong previous quarter. The Apple supply chain is traditionally well organized. Investors also anticipated positive things at Amazon: Here the shares expanded their gain to 2.3 percent.

The results of two Dow corporations are already known, and there have now been convincing reports. For the pharmaceutical company Merck & Co
The third quarter was better than expected, with shares advancing 5.6 percent at the top of the index. The same was true for the construction machinery company Caterpillar’s quarter whose businesses were driven by the construction and raw materials boom. Here was a plus of 3.7 percent on the price board.

In the wider market, Ford topped However, everything with a price jump of 8.5 percent to the highest level since 2014. The carmaker performed better than expected in the third quarter despite the global chip crisis. As a result, increased profit targets were seen in the market as a bigger positive surprise. UBS expert Patrick Hummel spoke of a “big beat” across the board.

There was with Ebay However, there was also a well-known negative outlier: The shares slipped 6.7 percent due to a disappointing quarterly report. For the Christmas quarter, the group promised slower sales growth. Stockbrokers saw this as a sign that reopened stores have added to the online marketplace./tih/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0405 2021-10-28/20:09

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