NEW YORK (dpa-AFX) – The US stock exchanges are making profits again in early Friday trading at the end of a strong week. The Dow Jones Industrial gained 0.22 percent to 35,832.32 points after one hour of trading. He expanded his previous week plus to 3.6 percent. The market-wide S&P 500 rose on Friday by 0.43 percent to 4687.68 points.
For the Nasdaq 100 it went up 0.51 percent to 16 231.98 points after the technology stocks gathered there suffered from profit-taking the day before. Strong price gains at Oracle and Broadcom improved the picture in the industry. The index is currently heading towards a significant weekly plus of 3.3 percent.
Inflation data from the USA did not slow down: Inflation at the highest level since 1982 has roughly met expectations, it said. This means that the Fed remains under pressure to press ahead with its exit from its ultra-loose monetary policy. “If the Fed ends its bond purchases in spring 2022, it will have the leeway to increase key interest rates from the summer of next year,” commented analyst Birgit Henseler from DZ Bank.
The shares of the software company Oracle shot up thanks to strong quarterly numbers by 13.5 percent. The SAP -Competitors 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.
There were also very high price gains from the chip company Broadcom, whose shares shot up by 8.7 percent. For the first time, more than 600 dollars were paid for the paper – with good figures, a pleasing outlook and announced share buybacks as a driver. Above all, there was praise for the margin of the semiconductor company. Bank of America analyst Vivek Arya described Broadcom as arguably the most profitable chip company.
The positive image that was given by Oracle in particular shone on many other companies in the software and I sectorT area out. In the Dow, the papers of Salesforce, Microsoft and Cisco rallied at the top with price gains of 1.5 to 2.6 percent. At $ 342, the Microsoft shares are heading for their November record at just under $ 350.
Meanwhile, Tesla shares had to continue fighting for the $ 1,000 mark, most recently the price fell 0.6 percent just below this threshold. In the market it was said that the share, which was still record high in November, is currently being slowed down by the fact that CEO Elon Musk continues to sell shares.
On the other hand, the shares of vaccine companies, from which there had recently been mixed statements about the effectiveness of the vaccine against the coronavirus variant Omikron, remained under strong pressure. Moderna papers plummeted by almost nine percent to their lowest level in about three weeks. The Biontech shares traded in New York had a similar experience with a price slide of 8.3 percent.
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