NEW YORK (dpa-AFX) – On the last trading day of the week, the stock indices in New York initially took different directions. While inflation concerns stopped the prices on the technology exchange Nasdaq from catching up on Friday, the Dow Jones Industrial and the S&P 500 climbed again to record highs on Wall Street.
Most recently, the US benchmark index gained 0.29 percent to 33 599.26 points. On a weekly basis, this shows an increase of 1.3 percent. The market-wide S&P 500 advanced on Friday after just under half an hour by 0.16 percent to 4103.63 points. Economic optimism and cheap money from the central bank are driving the default values in particular undiminished.
On the other hand, the Nasdaq quoted 100 with minus 0.17 percent to 13,734.73 points. Concerns about inflation keep prices in check on the Nasdaq. In the USA, producer prices rose faster than expected in March, and the increase in China also continued in March. If the returns on the capital markets rise with increasing inflation, then credit can become more expensive for companies. This, in turn, affects technology companies more, which are dependent on investments in IT and software. The yield on ten-year US Treasuries temporarily trended back towards 1.7 percent on Friday, most recently it was 1.67 percent./ajx/he
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