NEW YORK (dpa-AFX) – After several days of downward trend on the US stock exchanges, something calmed down on Thursday. There was tailwind from the economy as well as from optimistic investors who were hoping for positive surprises from stock market heavyweights such as Apple, Alphabet or Amazon after trading closed. In addition, some of the quarterly reports already submitted turned out better than expected.
The Wall Street Index Dow Jones Industrial rose by 0.52 percent to 26,659.11 points and was led by Apple stocks. The loss since the beginning of the week is almost 6 percent.
The market-wide S&P 500 recovered on Thursday with a gain of 1.19 percent to 3310.11 points from its most recent downward trend. The Nasdaq 100 even rose by 1.87 percent to 11,350.74 points.
After the corona-related economic slump in the second quarter, the US economy grew strongly again in the third quarter. From July to September, gross domestic product increased by 33.1 percent for the year, thus exceeding market expectations. However, the labor market data from last week showed that the pandemic is still leaving deep marks: Because of the corona crisis, more than 700,000 people again applied for unemployment benefits. Economists, however, had even expected 770,000 initial applications./ck/he
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