Börse Express – ROUNDUP / Aktien New York End: Dow is making up some ground

NEW YORK (dpa-AFX) – The US stock markets embarked on a gentle recovery course in the middle of the week. Traders said some “bargain hunters” had returned to the stock markets believing that the worst sell-off since May had been exaggerated the day before. Consumer goods and utilities stocks topped the winners list, while technology stocks presented a mixed picture. Fresh data from the US real estate market had little impact on the quotes.

Der Dow Jones Industrial closed 0.26 percent higher at 34,390.72 points. The day before, the leading index had fallen by a good 1.6 percent. The broader S&P 500 rose on Wednesday by 0.16 percent to 4359.46 points. The tech-heavy Nasdaq 100 , which had dropped by almost 2.9 percent the day before, ultimately dropped 0.12 percent to 14,752.89 points.

Micron Technology’s papers lost 2.0 percent of the individual values. The semiconductor company had disappointed the day before after the market closed with its outlook.

Meanwhile, aviation stocks like Boeing were strong and Spirit Aerosystems. The Boeing titles rose 3.2 percent as the Dow front runner, those of Spirit Aerosystems soared 5.9 percent. The investment bank Bernstein recommended the shares to buy in an industry study. According to the expert Douglas Harned, the turning point is finally around the corner for global travel. He raised his forecasts for the delivery of civil aircraft, the traffic and also the capacities.

Dollar Tree stocks shot up more than 16 percent. The low-cost chain increased its authorization to buy back its own shares from $ 1.45 billion to $ 2.5 billion.

The Euro fell below the $ 1.16 mark in US trading, reaching its lowest level since July 2020. Most recently, the common currency was traded at $ 1.1592. The European Central Bank (ECB) had set the reference rate at 1.1654 (Tuesday: 1.1678) dollars. The dollar had thus cost 0.8581 (0.8563) euros.

US Treasury bond prices rose slightly in late trading. The futures contract for ten-year Treasuries (T-Note-Future) was recently quoted 0.08 percent higher at 131.58 points. The yield on the ten-year government bond was 1.53 percent./edh/he

 ISIN  US2605661048  US6311011026

AXC0317 2021-09-29/22:34

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