The US stock exchanges visibly curbed their initially clear losses in the course of trading on Thursday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) closed …
NEW YORK (dpa-AFX) – The US stock exchanges visibly curbed their initially clear losses in the course of trading on Thursday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) closed just 0.07 percent lower at 28,494.20 points. The market-wide S&P 500 ultimately lost 0.15 percent to 3483.34 meters. On the other hand, the technology-heavy NASDAQ 100 had a clearer minus of 0.72 percent to 11,898.57 points at the final bell.
First of all, dwindling hopes for a quick agreement on another corona stimulus package in the USA and a significantly increasing number of new corona infections had put pressure on the mood. But apparently some investors were already taking advantage of the recent setback after the previous price rally to get in again.
The latest company figures were received differently. A flourishing trading business in securities brought the US investment bank Morgan Stanley a profit jump in the Corona crisis. Income also increased significantly in the past quarter. Accordingly, the shares rose by almost one and a half percent.
Walgreens Boots Alliance (Walgreens Boots Alliance) managed a price increase of almost five percent, which meant the top spot in the Dow. The pharmaceutical wholesaler and pharmacy group performed better than expected in the fourth fiscal quarter despite a decline in profits.
Meanwhile, the burdens from the corona pandemic paralyzed United Airlines’ business in the third quarter. The renewed loss of billions and the slump in sales were worse than analysts expected – the titles fell by around one percent.
At Alcoa, shareholders had to cope with an almost five and a half percent price decline. The quarterly loss of the aluminum group was not as significant as feared, but it was the highest since the group’s split four years ago. In addition, the cautious outlook for the final quarter overshadowed the figures.
The euro last cost $ 1.1707 in New York after slipping below $ 1.17 at times. The European Central Bank (ECB) had set the reference rate at 1.1698 (Wednesday: 1.1750) dollars, the dollar had thus cost 0.8549 (0.8511) euros. The US government bonds that were initially sought after suffered from the decreasing risk aversion of investors: the futures contract for ten-year Treasuries (T-Note Future) was recently quoted 0.06 percent lower at 139.12 points. In return, the yield on ten-year bonds rose to 0.73 percent./gl/fba
— By Gerold Löhle, dpa-AFX —
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