indexes in this article
NEW YORK (dpa-AFX) – After a strong stock market week so far, the recovery is likely to lose momentum on Friday. After all, the Dow Jones Industrial (Dow Jones 30 Industrial) was up for four days in a row, by a total of more than four percent. A week ago, the Dow fell to its lowest level in more than a year.
The broker IG appraised the Dow around an hour before the starting bell, up 0.06 percent at 32,658 points. The technology-heavy NASDAQ 100 rose moderately by 0.35 percent to 12,320 points.
Because new economic data are unlikely to have any major impact on the stock markets, the last trading day of the week could be calm. There is also no significant impetus from the US bond market.
Different for some individual values. Investors reacted with fright to a drastically lowered profit forecast by the clothing retailer Gap. Shares fell 18 percent in premarket trading. The papers of the software provider Workday fell by 8 percent. Analysts justified this with orders being postponed by customers in view of the economically uncertain situation.
Dell Technologies (Dell Technologies), on the other hand, jumped 9 percent premarket. The tech company increased revenue by a sixth last quarter thanks to strong demand for PCs. Cosmetics maker Ulta Beauty rose 8 percent after the company raised annual sales and profit targets.
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