NEW YORK (awp international) – Good economic news also propelled the Dow Jones Industrial on Friday. The other major stock indices also closed in positive territory. Positive impulses also came from the positive business figures of the investment bank Goldman Sachs.
The US benchmark index rose 1.09 percent to 35,294.76 points after it had already risen significantly on Thursday. This moved a little closer to the record high reached in mid-August at a good 35,631 points. On a weekly basis, there is an increase of 1.58 percent.
The S&P 500 gained 0.75 percent to 4,471.37 points on Friday. For the technology-heavy Nasdaq 100 it went up 0.63 percent to 15,146.92 points.
US retail sales data were unexpectedly strong on Friday, fueling risk appetite among Wall Street investors. In September the retail sector surprised with an increase in sales. It was already known on Thursday that the number of weekly initial jobless claims fell below 300,000 for the first time in the Corona crisis. This solidified hopes of a recovery in economic growth.
Goldman Sachs is heading for a record year thanks to brilliant mergers and IPOs. In addition, the bank surprised positively with its net income and earnings per share in the third quarter. The shares of the financial institution gained 3.8 percent at the top of the Dow.
In this positive environment, investors also took hold of other bank stocks. The shares of Morgan Stanley, Citigroup, Bank of America and Wells Fargo rose by a good one to almost seven percent.
Virgin Galactic shareholders, meanwhile, suffered another setback. The start of tourist flights to the space border planned by the space company for the third quarter of next year will now be postponed to the final quarter of 2022. The reason for this is a delay in the planned improvement of the spaceplane. The papers buckled by almost 17 percent.
In September, the US aviation authority FAA temporarily banned Virgin Galactic from undertaking further flights. The background was that the spacecraft of billionaire Richard Branson flew into space outside of the assigned airspace corridor during its flight into space on July 11th.
The shares of Curevac lost more than twelve percent. The biotech holding Dievini of SAP co-founder Dietmar Hopp wants to reduce its considerable stake in the Tübingen biotech company. On Tuesday, Curevac withdrew its first vaccine against the coronavirus from the European approval process. The effectiveness of the agent had proven to be comparatively weak.
The euro was last listed at $ 1.1603. The European Central Bank had previously set the reference rate at 1.1602 (Thursday: also 1.1602) dollars. The dollar cost 0.8619 (0.8619) euros. On the US bond market, the futures contract for ten-year Treasuries (T-Note-Future) suffered from the positive stock market sentiment and fell 0.39 percent to 130.98 points. Ten-year papers yielded 1.57 percent./la/he
— By Lutz Alexander, dpa-AFX —
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