NEW YORK (awp international) – On the US stock market, investors will probably have to bake smaller rolls again on Thursday after the price jump in the middle of the week. Half an hour before the start of trading, broker IG assessed the Dow Jones Industrial up almost 0.1 percent to 32,836 points and the Nasdaq 100 0.3 percent higher to 13,293 points. A flood of company figures and outlooks was received mostly positively.
On Wednesday, the leading index had increased by 1.3 percent and the technology-heavy selection index even by 2.7 percent. Optimistic economic data from the world’s largest economy had proven to be helpful.
Positive earnings surprises in the past quarter brought the cereals manufacturer Kellogg and the stock exchange operator Intercontinental Exchange pre-market price gains of almost two and almost four percent, respectively. The health insurer Cigna also raised its profit outlook, which gave the share an increase of almost four percent. The surprisingly strong quarterly report for the Burger King parent Restaurant Brands caused a pre-market price increase of four and a half percent.
The fact that Alibaba exceeded sales expectations caused the shares of the Chinese Amazon competitor, which are listed in New York, to rise by almost seven percent before the market. The oil company ConocoPhillips was able to more than double its quarterly profit and also scored with the announcement of higher capital distributions: The papers gained 2.3 percent.
By contrast, shares in Eli Lilly fell by two percent after the pharmaceutical company reported a sharp drop in quarterly profit and lowered its earnings outlook for the second time this year. At the automotive supplier Aptiv, lower annual targets also put pressure on the mood, as the price drop of almost nine percent showed./gl/zb
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