The bull is a symbol for rising prices stands in front of the German stock exchange.
(Photo: dpa)
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Frankfurt The markets in the USA provide a good template for the German share index (Dax). Two out of three major US indices – the Dow Jones for the more traditional stocks and the S&P 500 for the broader market, broke new records at the end of the week. They marked the third day of winners and also the third week of winners in a row.
The Dow rose 0.89 percent to just under 33,800 points on Friday, the S&P rose 0.77 percent to around 4128 points, and the Nasdaq tech index rose 0.51 percent to 13.90 points. Overall, the traditional values had a slight advantage.
For weeks, the stock market has been wavering between the hope of a revival of the broader economy and a resurgence of enthusiasm for tech values. All in all, Friday, which had been subdued in Europe, ended on a positive note. However, the trading volume was low.
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