NEW YORK (dpa-AFX) – The standard values on Wall Street rose slightly towards the middle of the week after a changeable trading trend. In contrast, moderate losses predominated in the case of second-tier stocks and technology stocks. At the start of trading, all leading indices had once again come up with record highs. Stock marketers justified the following damper with “tame” US inflation data, which raised fears of continued weak economic growth in the short term.
The Dow Jones Industrial closed on Wednesday with an increase of 0.20 percent at 31,437.80 points. The market-wide S&P 500 lost 0.03 percent to 3909.88 points. The technology-heavy Nasdaq 100 lost 0.23 percent to 13,655.27 points.
Quarterly figures made headlines again on the corporate side. Coca-Cola had exceeded expectations with its earnings per share on an adjusted basis. For the papers of the effervescent company contained in the Dow, it was still 0.2 percent down.
At Under Armor, investors reacted happily to the interim report, here the shares advanced by 7.0 percent. At General Motors, on the other hand, the numbers were not well received, as a minus of 2.1 percent showed. However, the automaker’s shares had recently reached their highest level since their return to the stock market in 2010.
In the tech sector, the network specialist Cisco was the topic of conversation. Despite solid numbers, it was down 2.6 percent. That put stocks at the bottom of the Dow. According to experts, the results and outlook fell largely as expected.
The papers from Twitter fared significantly better, rising 13 percent. The short message service expanded its business significantly in the past quarter, even if the development of user numbers remained subdued. Jefferies analyst Brent Thill was impressed by the significantly exceeded expectations for sales and operating profit.
The transport service broker Lyft lifted the mood of its investors with a cost development praised by analysts, which enabled quarterly figures to be above expectations. The shares rose by 4.8 percent. That of the competitor Uber followed with a plus of 6.0 percent.
The euro held its own, last costing $ 1.2118. The European Central Bank (ECB) had set the reference rate at $ 1.2127. The dollar had thus cost 0.8246 euros. US Treasuries rose. The futures contract for ten-year Treasuries (T-Note Future) recently rose by 0.19 percent to 136.96 points. In return, the yield on the ten-year bond fell to 1.12 percent./edh/he
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