Investors paid particular attention to the tech industry ahead of further quarterly figures from major US giants. The Nasdaq 100 selection index, which was influenced by this, continued its race to catch up with an increase of 1.13 percent to 15,689.33 points. After a seven-week dry spell, it was now enough for him to reach record highs. Its rise was led by a sustained record rally at the electric car maker Tesla and the chip company Nvidia.
The corporate reporting season is in full swing and has so far been more good news than bad, noted a stockbroker. As a result, the inflation and growth worries that had dominated recently faded into the background. According to the Bloomberg news agency, more than 80 percent of the companies reporting so far from the S&P 500 index have presented better results than expected.
On the evening before, there were already the numbers from Facebook after the hours, but they did not go down well with investors: the price recently hit the red with two percent. In the third quarter, advertising revenues increased significantly compared to the previous year, but the tech giant missed the analysts’ expectations when it came to consolidated revenues. It didn’t help that the company announced a $ 50 billion share buyback.
The investors in the UPS parcel service fared significantly better, as strong demand in all segments resulted in a surprisingly strong jump in profit. The share certificates of the logistics company, who is also becoming somewhat more optimistic for the current year as a whole, advanced by 7.6 percent and at times reached record levels.
In addition, General Electric (GE), a US industrial icon, increased its annual targets after a better-than-expected third quarter. The price benefited from this with an increase of 2.7 percent. At times it hit the $ 110 mark, its highest level since mid-June.
At 3M, however, investors reacted cautiously to the fact that the conglomerate increased its forecast for the year after another strong quarter. The shareholders of the defense and aviation company Lockheed Martin, on the other hand, had to accept a price slide of almost eleven percent. The company expects sales to decline in 2022.
Last but not least, an abandoned takeover project caused movement. The investors of the betting company Draftkings reacted with relief that a final offer for the British competitor Entain was not made. The Draftkings price increased by 7.4 percent, that of Entain, on the other hand, slipped on the London Stock Exchange by more than six percent./tih/he
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