NEW YORK (dpa-AFX) – After the strong gains on the US stock exchanges in the middle of the week, there are signs of stabilization on Thursday. Economic data released before the start of trading was better than expected. At the same time, there is still confidence that the political dispute over the debt ceiling in the world’s largest economy will be settled in good time.
The broker IG appraised the leading US index Dow Jones Industrial
The day before, high-ranking representatives of the Democrats and Republicans had spoken of positive signs about the meeting with US President Joe Biden in the White House. Otherwise, there could be a risk of default at the beginning of June.
Looking at the economic data, weekly initial jobless claims fell more sharply than expected. In addition, the business climate in the Philadelphia region did not deteriorate as much as forecast in May. After the start of trading, data from the real estate market will also be announced.
Among individual stocks, shares of Walmart rose
premarket by 1.2 percent. The largest retailer in the US is more confident about the year as a whole after a robust first quarter. In addition, Walmart earned less than in the first three months of the previous year, but expectations were still exceeded.
The Chinese Amazon
The shares of Micron also rose by almost 2 percent
Significantly lower orders weighed on the shares of the network equipment manufacturer Cisco
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AXC0118 2023-05-18/15:04
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2023-05-18 13:04:00
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