NEW YORK (dpa-AFX) – The buying mood of investors on New York’s Wall Street continued at the end of the week. Friday is the fifth consecutive day of profits for the Dow Jones Industrial (Dow Jones 30 Industrial). According to market observers, however, the positive impulses did not come from the US labor market report for January, as it disappointed in parts.
Rather, above all, hope for a general sustainable economic recovery, especially in view of the ongoing vaccination campaigns and the expected Corona aid package, are driving hope. Accordingly, the stock exchanges are “currently quite immune to negative news,” as Portfolio Manager Thomas Altmann from QC Partners said.
In early trading, the Dow rose 0.31 percent to 31,153.42 points. This means that the most important Wall Street index is not only close to its record high of 31,272 points, which it reached at the end of January. His weekly plus is also considerable at 3.9 percent.
For the market-wide S&P 500, it rose by 0.26 percent to 3881.64 points on Friday. The technology-heavy NASDAQ 100 recently turned into the red and fell by 0.04 percent to 13 555.22 points. However, both indices had set new records right after the stock market launch./ck/he
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