The Dow Jones Industrial was most recently 1.00 percent up at 25,991.07 points, after having gained up to 1.82 percent in the meantime. The US leading index is heading towards a plus of just under 4 percent for the shortened week as a whole. This Friday, the United States stock market will be closed for the Independence Day celebrations on Saturday.
The broader S&P 500 rose 0.98 percent on Thursday to 3146.46 points. For the technology-heavy Nasdaq 100 it went up 1.09 percent to 10 391.75 points. It had reached a record high at just under 10,433 points during trading.
The situation on the weakened labor market relaxed significantly. The unemployment rate in the United States fell in June from 13.3 percent in the previous month to 11.1 percent and thus much more strongly than expected. Employment outside agriculture also rose much more markedly.
“After the corona restrictions were relaxed and sentiment indicators have recently brightened, the job market is also convincing,” wrote analyst Ralf Umlauf from Landesbank Helaba.
David Riley, investment strategist at asset manager BlueBay Asset Management, was somewhat more skeptical: “The number of weekly jobless claims suggests that the pace of new hires has slowed over the past week – possibly a foretaste of the rise in the infection rate in the US stands in the way of job creation. ” Proponents of the V-shaped economic recovery are likely to have difficult weeks and months ahead of them, as long as a rapid upswing in the labor market does not set in.
Tesla once again reached a record high for the individual values. The electric car maker announced surprisingly strong delivery figures for the second quarter just ended. In this way, Tesla expanded ahead of Toyota among the publicly traded car manufacturers. Most recently, the Tesla shares at the top of the Nasdaq 100 won a good seven percent.
The Boeing papers rose by more than one percent. The hot test phase for the re-registration of the crisis pilot 737 Max has been completed. The three-day certification flights have ended, according to the FAA. However, there are still other hurdles, including evaluating the flight data./la/fba
(AWP)
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