NEW YORK (dpa-AFX) – The record hunt on Wall Street continued on Wednesday: Dow Jones Industrial (Dow Jones 30 Industrial), the market-wide S&P 500 and also the NASDAQ 100 climbed again to new heights after further relaxation signals for the coronavirus epidemic ,
China’s head of state and party Xi Jinping sees the fight against the Sars-CoV-2 coronavirus as “positive changes”. He attributed this to joint hard work, prevention, and control that would have had “tangible results.” According to the National Health Commission, both the increase in deaths and newly confirmed infections was somewhat lower at midweek than the previous day.
After positive trading in Asia and Europe, US investors were in a buying mood again after the subdued previous day and drove the Dow above the mark for the first time in its history from 29,500 points to just under 29,569 points. At the end of trading, the US index was up 0.94 percent at 29,551.42 points.
The S&P 500 gained 0.65 percent to 3379.45 points. The technology-heavy Nasdaq 100 gained 1.00 percent to 9613.20 points.
The papers of the clothing group PVH, which includes the brands Calvin Klein and Tommy Hilfiger in particular, climbed by more than four percent. Despite the numerous shops closed in China as part of the corona virus, the group confirmed its earnings estimates.
According to a buy recommendation from the Swiss bank UBS, Micron Technology grew by three and a half percent. The experts are confident that the semiconductor group’s paper, which currently costs around $ 60, will rise to $ 75.
Meanwhile, the shares of Uber competitor Lyft went down significantly at a good ten percent. The travel agent had posted strong business growth at the end of the year, but posted deep red numbers. Growth already slowed significantly in the second half of 2019 and Lyft expects that it will continue to decline in the current financial year. JPMorgan analyst Doug Anmuth sees setbacks as an opportunity to buy
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