NEW YORK (dpa-AFX) – After the course records for the inauguration of the new President Joe Biden on Wednesday, US stocks took a break on Thursday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) and the market-wide S&P 500 reached highs again in the course of trading, but in the end the profits were again wasted. On the Nasdaq stock exchange, however, the upward trend continued dynamically, fueled not least by strong quarterly figures from Intel.
The Dow closed with 0.04 percent in the red at 31,176.01 points. The market-wide S&P 500 posted an increase of 0.03 percent to 3853.07 meters.
On the technology-heavy Nasdaq, the NASDAQ 100 selection index rose again sharply by 0.82 percent to 13,404.99 points. Here Intel shares gained 6.5 percent. In the final quarter of 2020, the chip manufacturer exceeded market expectations of $ 17.5 billion with sales of $ 20 billion. Other tech heavyweights like Apple and Advanced Micro Devices (AMD (Advanced Micro Devices)) each gained more than three percent.
The season of quarterly reports from companies is gradually picking up speed and moving prices in parts strongly. For example, the shares of United Airlines lost 5.7 percent. The ailing airline has declared 2021 to be a year of transition and, according to its own statements, will not be as profitable again as it was before the Corona crisis in 2023.
The papers of the aluminum producer Alcoa (Arconic) even collapsed by more than 12 percent after quarterly figures. Bank of America analysts complained that the company expected higher costs and at the same time had to spend cash on pension obligations.
The shares of the insurer The Travelers included in the Dow were among the winners in the leading index with a plus of 2.6 percent. Earnings per share in the final quarter of 2020 exceeded even the highest of the numerous analyst estimates.
The euro was firm after the European Central Bank meeting, trading at $ 1.2167 in late New York trading. The European Central Bank (ECB) had previously set the reference rate at 1.2158 (Wednesday: 1.2101) US dollars. The dollar had thus cost 0.8225 (0.8264) euros.
US Treasuries fell slightly after a series of better-than-expected US economic data. The futures contract for ten-year Treasuries (T-Note-Future) was most recently 0.08 percent in the red at 136.91 points. Accordingly, the yield on the ten-year bond rose slightly to 1.1 percent./bek/he
— By Benjamin Krieger, dpa-AFX —
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