NEW YORK (dpa-AFX) – In the middle of the week, the US leading index made it to another high. With 35,669.69 points, the Dow surpassed the previous record high of mid-August on Wednesday. The higher profit targets of the telecommunications giant Verizon were well received by investors
The market-wide S&P 500
The upward movement was mainly driven by so-called defensive stocks and sectors. These included health stocks, utilities and real estate stocks. Most of the companies in these sectors have stable earnings and comparatively high dividend yields.
According to the Federal Reserve, economic growth in the USA has slowed somewhat in several regions. The economy grew at a moderate to moderate pace in the period from the beginning of September to the beginning of October, according to the economic report. In its last report, the Fed spoke of a moderate pace.
On the corporate side, the focus is still on the balance sheet season: shares in the streaming service Netflix
fell 2.2 percent. Despite an unexpectedly strong third quarter, some observers found a fly in the ointment and criticized the outlook for the final quarter.
Verizon telecom company shares
The shares of the social picture network Pinterest
benefited from speculation about its takeover. The online payment service PayPal is interested, reported the Bloomberg news agency. Pinterest stocks jumped nearly 13 percent while PayPal fell nearly 5 percent.
Meanwhile, the shares of corona vaccine maker Novavax experienced
The Euro
Quotes on the US bond market went on the spot. The futures contract for ten-year Treasuries (T-Note-Future) fell by 0.01 percent to 130.55 points. Ten-year government bonds yielded 1.65 percent./bek/he
— By Benjamin Krieger, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0366 2021-10-20/22:23
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