NEW YORK (dpa-AFX) – The standard value indices on Wall Street expanded their recent gains on Friday. The S&P 500, which represents the broad market even reached another record high and benefited, among other things, from a rapid rise in the price of Nike shares. The sporting goods manufacturer had presented surprisingly strong quarterly figures. The recent progress made in the struggle for large-scale investments in American infrastructure, which was seen as a sign of an upturn in the US economy, also continued to have a positive effect.
The S&P 500 gained 0.33 percent to 4280.70 points. The leading US index, the Dow Jones Industrial 
rose by 0.69 percent to 34 433.84 points. On a weekly basis, there is an increase of 3.44 percent.
For the tech-heavy Nasdaq 100 it went down on Friday by 0.14 percent to 14,345.18 points. He had achieved a record the day before.
Nike is benefiting greatly from the end of many corona restrictions in the USA. After the sporting goods manufacturer ended the last quarter with an unexpectedly strong result, the top management is also optimistic in the medium term. The shares soared to a record high and in the end, as the undisputed favorite in the Dow, rose by 15.5 percent.
On the other hand, Fedex papers fell by almost four percent, bringing up the rear in the S&P 500. There was positive feedback for the figures presented by the logistics company for the fourth quarter of the financial year, but traders found the outlook for the new financial year to be a burden, which, according to a stockbroker, failed to meet expectations due to higher wage costs and lower than expected productivity.
Tesla shares lost their initial gains and ended up dropping a good one percent. The Japanese electronics company Panasonic had cashed in its multi-billion dollar stake in the electric car maker and battery partner. The partnership with Tesla will remain in place. The companies jointly operate Tesla’s battery gigafactory in the US state of Nevada.
Virgin Galactic’s papers shot up by almost 39 percent. As the space company reported, the US aviation authority has updated its cargo license for commercial space travel. This enables Virgin Galactic to fly customers into space.
Meanwhile, big banks in the US don’t have to keep their money together. The US Federal Reserve no longer considers this necessary in view of the institutes’ strong financial situation. Previously, in view of the uncertain outlook due to the corona pandemic, the banks had to adhere to far-reaching requirements to protect their capital resources.
Experts are now expecting a plethora of announcements about dividend increases and share buybacks. With this in mind, JPMorgan’s shares rose 1 percent and Bank of America’s shares rose around 2 percent.
The course of the euro lost initial gains and was last traded at $ 1.1937. The European Central Bank had previously set the reference rate at 1.1950 (Thursday: 1.1936) dollars. The dollar cost 0.8368 (0.8378) euros.
The futures contract for ten-year treasuries (T-Note-Future) fell 0.11 percent to 131.95 points. The yield on ten-year bonds was 1.52 percent./la/he
— By Lutz Alexander, dpa-AFX —
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