Home » today » News » Equities New York Outlook: Good week ends with gains | 12/10/21

Equities New York Outlook: Good week ends with gains | 12/10/21

NEW YORK (dpa-AFX) – The US stock exchanges are heading for profits at the end of a largely good week. Domestic inflation data was received positively, although experts believe that it will increase pressure on the US Federal Reserve to accelerate its bond purchases at its meeting next week.

Broker IG valued the Dow Jones Industrial (Dow Jones 30 Industrial) on Friday three quarters of an hour before the start of trading, 0.58 percent higher to 35,961 points. IG expects the NASDAQ 100 with a plus of 0.85 percent at 16 287 points. This means that the leading index, which stagnated the day before, showed a weekly plus of almost four percent and the high-tech selection index, despite the previous day’s slide, a price increase of over three and a half percent.

The shares of the software company Oracle shot up by over 13 percent thanks to strong quarterly figures. The SAP (SAP SE) competitor performed better than analysts expected in the past quarter. With a view to the costly settlement of a ten-year-old legal dispute, investors apparently outweighed the relief.

Good figures, a positive outlook and an announced share buyback caused the securities of the semiconductor company Broadcom to rise by almost seven percent to 624 US dollars – a record high beckoned them ./gl/eas

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