NEW YORK (dpa-AFX) – After a very weak week on the stock markets so far, the US stock exchanges made another attempt to stabilize on Friday. Such attempts had always failed in the course of the week so far. The leading index Dow Jones Industrial increased by 0.93 percent to 32,024 points. On a weekly basis, however, there are signs of a loss of 2.7 percent. The day before, the Dow had fallen to its lowest level since March last year.
For the market-wide S&P 500 it went up 1.93 percent to 4006 points on the last trading day of the week. The Nasdaq 100 is dominated by technology companies
rose more sharply by 3.15 percent to 12,322 points. Nevertheless, it is heading for a minus of almost three percent on a weekly basis.
According to Deutsche Bank’s market strategists, new statements by the US Federal Reserve Chairman on the course of interest rate hikes calmed investors somewhat. Jerome Powell has thus calmed concerns about a large interest rate hike, according to a comment. Recently, fears that central banks could stifle global economic growth by raising interest rates to combat high inflation have put pressure on share prices.
Twitter’s price slide caused a stir . The takeover of the online service, which was temporarily suspended by Elon Musk, caused Twitter shares to lose almost ten percent. It fell back to pre-bid levels. According to Musk, he first wants to wait for calculations to show that Twitter accounts without real users actually make up less than five percent of all accounts. The billionaire emphasized that he was still interested in the takeover.
On the other hand, it went for the Tesla, which had been badly hit recently
papers up by a good six percent. The electric-car maker’s stocks had fallen over a quarter since Musk publicized his interest in Twitter in mid-April.
The shares of the semiconductor manufacturers, which have fallen sharply in the past few weeks, experienced strong price recoveries. So pulled the papers from Nvidia and from AMD by around nine percent each. In the Dow Jones Industrial counted with Salesforce
Apple and microsoft
also tech titles among the biggest winners.
Boeing have meanwhile taken the lead in the Dow with a plus of six percent. Most recently, the increase was only one percent. According to an agency report, the US Federal Aviation Administration (FAA) has described the documents submitted by Boeing for a resumption of deliveries of the Dreamliner 787 as insufficient.
Robinhood shareholders were pleased about a price jump of almost 25 percent after it became known that Sam Bankman-Fried – head of the cryptocurrency exchange FTX – had a 7.6 percent stake in the online broker./bek/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0344 2022-05-13/19:55
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