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NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) continued to recover from its recent losses on Friday. In early trading, the US benchmark index rose 0.68 percent to 34 317.28 points. From a weekly perspective, this indicates a slight minus. Concerns about the inflation and interest rate developments weighed heavily on the stock market barometer, especially on Wednesday.
The market-wide S&P 500 increased by 0.32 percent to 4172.30 points on Friday. The technology-heavy NASDAQ 100, however, experienced initial gains and last fell 0.26 percent to 13,459.54 points.
Better unemployment figures the day before would have nourished hopes of a rapid labor market recovery and lured buyers, according to Credit Suisse. In the short term, however, the experts do not expect a directional decision on the stock market. The fundamentals were optimistic, but technical market indicators suggest restraint. At the beginning of the previous week, the Dow had reached a record level of 35 091 points. On the Nasdaq 100 it was 14 073 points in April.
With regard to the Dow, Andreas Bchler, an expert at Index-Radar, added that the US benchmark index moves back and forth between two relatively closely spaced price zones in which demand or supply prevented further progress in the respective direction. Both the willingness to buy in the range between 33,300 and 33,500 points and the selling pressure, which can only be measured just above this at 35,100 points, had an impact on the price development.
At the top of the Dow, Boeing’s shares rose by a good two percent. Brsianer referred to a media report, according to which the aircraft manufacturer plans to increase the production of models of the problem type 737 Max more clearly than expected.
According to an analyst comment, AT & T’s papers rose by around one percent. Exports John Hodulik from UBS bank praised the simplification of the group structure. This means that the telecommunications group can be better assessed, which in turn results in an attractive ratio of opportunities and risks for systems.
The day before, Oatly’s successful IPO (Oatly AB) had already attracted a lot of attention. The papers of the Swedish oat milk company had ultimately gained almost 19 percent compared to the issue price. On the second day of trading, the rally continued with a plus of almost 10 percent./la/he
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