NEW YORK (awp international) – The Dow Jones Industrial expanded its previous day’s profits on Friday. Among other things, positive business figures from the investment bank Goldman Sachs ensured a good mood. In addition, retail sales, which are important for the USA as the world’s largest economy, increased surprisingly in September.
The US benchmark index rose 1.03 percent to 35 273.42 points. 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 around 1.5 percent.
The S&P 500 gained 0.71 percent on Friday to 4469.60 points. For the technology-heavy Nasdaq 100 it went up 0.39 percent to 15111.75 points.
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 around three percent.
Investors also took courage in other bank stocks. The shares of Morgan Stanley, Citigroup, Bank of America and Wells Fargo rose by a good two 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.
In September, the US aviation authority FAA temporarily banned Virgin Galactic from undertaking further flights. The background was that billionaire Richard Branson’s spacecraft flew into space on July 11th during its flight into space outside of the airspace corridor assigned to it./la/he
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