Indices in this article
NEW YORK (dpa-AFX) – On the last trading day of the week, the stock indices in New York have so far taken different directions. While inflation concerns stopped the race to catch up on the Nasdaq technology exchange on Friday, the Dow Jones Industrial (Dow Jones 30 Industrial) and the S&P 500 climbed again to record heights on Wall Street.
Most recently, the leading US index gained 0.18 percent to 33 562.56 points. From a weekly perspective, this shows an increase of 1.2 percent. In the market-wide S&P 500, after a good hour on Friday, profits crumbled to just 0.05 percent to 4099.26 points. Economic optimism and cheap money from the central bank had driven the standard values again and again recently.
With minus 0.22 percent to 13,727.64 points, the NASDAQ listed 100. Inflation concerns keep the prices on the Nasdaq in check. In the USA, producer prices rose faster than expected in March, and the increase in China also continued in March.
If returns on the capital markets rise along with rising inflation, then credit can become more expensive for companies. This, in turn, affects technology groups more, which are dependent on investments in IT and software. The yield on ten-year US government bonds temporarily tended towards 1.7 percent on Friday, most recently it was 1.65 percent.
The shares of the industrial group Honeywell rose at the top of the Dow by two percent, driven by a buy recommendation from Deutsche Bank.
In last place were Boeing with minus 1.9 percent. The aircraft manufacturer had warned airlines of a production problem with certain versions of the 737 Max crisis model.
Johnson & Johnson (JohnsonJohnson) lost 0.9 percent. The EU Medicines Agency (EMA) checks cases of thrombosis after a corona vaccination with the manufacturer’s vaccine.
For the shares of the jeans group Levi Strauss (Levis) it went up by 4.3 percent according to quarterly figures and an outlook./ajx/he
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