NEW YORK (dpa-AFX) – The New York stock market presented itself in still strong shape on Thursday. After the leading index Dow Jones Industrial reached a record high for the fourth day in a row, the S&P 500 has now also achieved this. The market-wide index was listed just under two and a half hours before the market closed, 1.35 percent higher to 3951.46 points. The Dow gained 0.88 percent to 32,581.81 points. The technology-heavy Nasdaq 100 was still catching up with a plus of 2.58 percent to 13,081.17 points.
The number of initial jobless claims last week in the US fell more than expected. Nevertheless, this did not affect the prices on the American bond market. The futures contract for ten-year Treasuries (T-Note-Future) recently increased slightly, and the yield on ten-year government bonds was 1.53 percent. Recently it had risen to 1.6 percent and above all let the highly valued tech stocks slide.
The trigger was the fear of rising inflation in view of Joe Biden’s billion dollar rescue plan. Nothing stands in the way of this: After the US Congress passed the huge Corona stimulus package on Wednesday, the US President intends to sign the bundle of measures on Thursday.
There was positive news on Thursday for Johnson & Johnson, whose corona vaccine has been approved by the European Union on the recommendation of the EMA. The EU expects the first deliveries in April. The advantage of the Johnson & Johnson vaccine is that it only needs to be administered once, which could speed up vaccinations. The stocks listed in the Dow advanced 0.9 percent.
At the top of the Dow, the paper of the sporting goods manufacturer Nike increased in price by around three percent and thus climbed back towards a record high. The shares of the aircraft manufacturer Boeing gained another two percent. According to circular reports, the Airbus competitor is about to receive a major order from Southwest Airlines for the 737 Max. The Boeing shares are also benefiting from the current trend in the stock market towards papers of the “old economy” and from the aviation industry’s hopes that the end of the Corona Crisis.
In the very solid technology sector, Oracle stocks stood out negatively. The strong cloud business with IT applications and storage space on the Internet gave the software company a further boost in the past quarter, but the papers sagged by almost seven percent. The announcement of further share buybacks did not help either. The shares had recently hit a record high, so investors are now probably making profits for now.
The shares of the dating platform Bumble rose nearly 17 percent after the first release of quarterly figures since the IPO. Investors thus rewarded failed sales and a positive outlook better than expected. People want to meet again. The demand for dates after the end of the pandemic is likely to increase./ajx/fba
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