ROUNDUP / Aktien New York End: Dow starts the week with renewed courage | 06/21/21

NEW YORK (dpa-AFX) – On the US stock market, investors have put their interest concerns aside for the time being. The most important indices recorded some significant gains on Monday. According to stockbrokers, investors focused on the strengths of the US economy at the beginning of the week, especially as domestic corona restrictions were increasingly being relaxed.

The US leading index Dow Jones Industrial (Dow Jones 30 Industrial) recovered a good bit from its loss-making previous week and closed 1.76 percent higher at 33 876.97 points. The S&P 500, which represents the broad market, rose by 1.40 percent to 4224.79 meters. The technology-heavy NASDAQ 100 rose by 0.62 percent to 14 137.23 points and thus approached its latest record high of 14 205 points.

James Bullard, the president of the regional US Federal Reserve (Fed) in St. Louis, brought a rate hike into play on Friday for next year. In addition to the great decline on the futures exchanges, this had put the prices under pressure. Higher interest rates could make stocks look worse than bonds.

Investors’ eyes are now on a hearing with Fed chief Jerome Powell before parts of the US Congress this Tuesday. It is about the central bank’s reaction to the corona pandemic. Powell’s remarks are likely to point precisely to clues to future Monetary policy be knocked off.

At the beginning of the week, the shares of the credit card provider American Express climbed to the top of the Dow with a plus of a good 4 percent. The shares of the oil company Chevron gained 2.9 percent. They benefited from a sharp rise in oil prices. On the one hand, these were boosted by a slight weakness in the US dollar exchange rate oil is traded in dollars on the world market. On the other hand, oil prices were supported by the still unsuccessful negotiations on the Iranian nuclear program.

Apple’s paper rose 1.4 percent, a little less than the Dow. The German Bundeskartellamt uses its new possibilities to proceed against large digital platforms now also for investigations against the US computer company. “We will now examine whether Apple around the iPhone with the proprietary operating system iOS has set up a digital ecosystem across several markets, “announced the Cartel Office President Andreas Mundt.

The recent slide in the price of Bitcoin and other cryptocurrencies also left its mark on the shares of NVIDIA and AMD (AMD (Advanced Micro Devices)), which lost 1.1 and 2.4 percent respectively. Both companies make processors for graphics cards that are used not only for gaming, but also for mining cryptocurrencies.

China is currently tightening its course against private-sector cryptocurrencies. Domestic banks and the giant fintech company Ant Group have been asked to stop offering crypto trading services. Many digital systems reacted to the news with significant price losses. In the course of this, the prices for graphics cards and thus the prices of the manufacturers of graphics chips came under pressure.

The euro recovered somewhat from its heavy losses of the past week and was last traded at 1.1918 US dollars. The European Central Bank had previously set the reference rate at 1.1891 (Friday: 1.1898) dollars. The dollar cost 0.8410 (0.8405) euros. The futures contract for ten-year Treasuries (T-Note-Future) fell 0.19 percent to 132.15 points. The yield on ten-year bonds was 1.49 percent./la/eas

— By Lutz Alexander, dpa-AFX —

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