NEW YORK (dpa-AFX) – The Dow Jones Index still shied away from the round hurdle of 30,000 points in the middle of the week. In early trading, the leading index stepped on the spot at 29,409 points. The Dow could not break the 30,000 mark, which has come more and more into focus after the recent profits. Bond trading is meanwhile closed due to a public holiday, which experience has shown to result in lower stock exchange turnover.
Meanwhile, as in the past two days, the prospect of a vaccine against the lung disease Covid-19 ensures a generally good mood on the stock market. “News about vaccines and their use should drive the markets further in the coming months,” said chief investor Mark Haefele of the investment bank UBS. The expert assessed the market as well positioned for the next upward movement.
The market-wide S&P 500 advanced 0.48 percent to 3563 points and, like the Dow, has its sights on Monday’s record high. The technology-heavy Nasdaq 100 gained 1.78 percent to 11,832 points. He had given way in the past two trading days.
The Dow therefore received support from technology stocks, which rose again after the two weak days. Shares in the software companies Microsoft and Salesforce as well as Apple and Intel were at the top of the leading index. They gained between 1.5 and 3 percent. With the chip manufacturer Qualcomm and the software provider Adobe, the Nasdaq-100 also included two major tech titles among the biggest winners.
Lyft shares also went up by more than 6 percent. The travel agent increased its sales in the third quarter by more than half and limited the loss more than expected on the market. Several analysts have now raised the price targets for Lyft./bek/he
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