The prices on the technology-heavy Nasdaq stock exchange moved unchecked in forward gear on Tuesday. The Nasdaq 100 selection index reached a record high shortly after the starting bell and subsequently increased the profits more and more. After a brief rise above 14,000 points, it ended the trading day 1.21 percent higher at 13,986.49 points. Tech share prices benefited from falling US bond yields after inflation data in March.
Der Dow Jones Industrial was against it of a possible provisional out of vaccinations with the active substance from Johnson & Johnson kept in check in the US. The leading US index closed 0.20 percent lower at 33,677.27 points. For the market-wide S&P 500 it went up, however, by 0.33 percent to 4141.59 points. Over the course of the year it had reached a record high at 4,148.00 meters.
In March, inflation in the USA increased surprisingly significantly. However, observers justified this with higher energy prices. The core rate of inflation, which excludes volatile prices for energy and food, is still moderate. As a result, US yields fell and tech stocks rose. Technology companies are seen as beneficiaries of low interest rates because they encourage companies to invest in software and hardware. So put Apple at the top of the Dow by 2.4 percent.
Johnson & Johnson shares on the other hand, as one of the weakest index values, lost 1.3 percent. After reports of venous thromboses that occurred after vaccinations with the pharmaceutical company’s active ingredient in the USA, the responsible US authorities recommended a temporary suspension of vaccinations. This will probably only be maintained for a few days. The US pharmaceutical company is also postponing the launch of the vaccine in Europe.
While Johnson & Johnson’s share price fell, the stocks of its competitor in the global corona vaccine business, Biontech
and Moderna , by 6.7 percent and 7.4 percent respectively.
The Dow was also held back by Goldman Sachs’ losses and JPMorgan of a good one percent each. Both investment banks will publish their reports on the first quarter of the business on Wednesday before the starting bell.
Bei American Airlines caused the news that the airline expects an adjusted loss of 2.8 billion US dollars for the first quarter, for a price loss of 1.5 percent.
The Euro rose after US consumer prices, last costing $ 1.1950 in New York. The European Central Bank had previously set the reference rate at 1.1896 (Monday: 1.1904) dollars. The dollar had thus cost 0.8406 (0.8401) euros.
US Treasuries rose: The futures contract for ten-year Treasuries (T-Note Future) climbed 0.30 percent to 132.09 points. In return, the yield on ten-year bonds fell to 1.62 percent./bek/he
— By Benjamin Krieger, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0422 2021-04-13/22:25
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
– .
