Good company figures on Tuesday pushed back concerns of US equity investors about the spread of the coronavirus variant Delta
the essentials in brief
- The leading index Dow Jones Industrial regained the round mark of 35,000 points and gained 0.80 percent to 35 116.40 points.
Good company figures on Tuesday pushed back concerns of US equity investors about the spread of the coronavirus variant Delta. Even falling oil prices did not leave any negative marks on the market. After a cautious start, the New York indices rose and closed trading almost at their daily highs. The leading index Dow Jones Industrial regained the round mark of 35,000 points and gained 0.80 percent to 35 116.40 points.
This means that the record high he reached in early trading the day before is back within reach. The market-wide S&P 500 advanced on Tuesday by 0.82 percent to 4423.15 points. The tech-heavy Nasdaq 100 gained 0.65 percent to 15,061.42 points.
So far, the reporting season in the USA has been positive. On Tuesday, some quarterly figures from companies outside the Dow were in view. Eli Lilly shares rose to a record high and closed trading at 3.8 percent. The pharmaceutical company had surprised positively with sales in the past quarter, but lowered its annual targets for the second time in the current year.
The sporting goods manufacturer Under Armor raised its targets again in the current year due to the sustained strong demand for comfortable clothing – more clearly than analysts expected. Investors rewarded this with a price increase of 6.2 percent.
Optimistic statements by the fertilizer manufacturer Mosaic brought its shares an increase of 4.8 percent. The evening before the US stock market closed, the K + S competitor expressed the expectation that the second half of the financial year would be one of the strongest periods in the company’s history.
ConocoPhillips increased by 2.3 percent in the second quarter after a surprisingly good profit development for the oil company.
According to circles, the US chip company Nvidia could receive further headwinds with its planned takeover of the British chip designer Arm. The UK is considering refusing the purchase, Bloomberg news agency reported, citing people familiar with the matter. The reason are concerns about national security. This only threw the Nvidia title out of step for a short time. At the end of trading, they had already gained 0.3 percent again.
The shares of Translate Bio made a price jump of a good 29 percent. They benefited from the announcement of the takeover by the French pharmaceutical and vaccine manufacturer Sanofi, which is thus expanding its business around so-called mRNA vaccines.
The euro lost intermittent gains and cost 1.1863 US dollars after the US market closed. The European Central Bank (ECB) had set the reference rate at 1.1885 (Monday: 1.1886) dollars, the dollar cost 0.8414 (0.8413) euros.
The futures contract for ten-year Treasuries (T-Note-Future) was quoted unchanged on the bond market at 135.00 points. The yield on ten-year government bonds was 1.176 percent.
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