NEW YORK (dpa-AFX) – On the US stock market, investors will probably have to bake smaller rolls again on Thursday after the price jump in the middle of the week. Half an hour before the start of trading, broker IG appraised the Dow Jones Industrial almost 0.1 percent up to 32,836 points and the Nasdaq 100 0.3 percent higher to 13,293 points. A flood of company figures and outlooks was received mostly positively.
On Wednesday, the leading index had increased by 1.3 percent and the technology-heavy selection index even by 2.7 percent. Optimistic economic data from the world’s largest economy had proven to be helpful.
The cereal manufacturer Kellogg had positive earnings surprises in the past quarter and the stock exchange operator Intercontinental Exchange pre-market price gains of almost two and almost four percent. The health insurer Cigna also raised the profit outlook, which gave the share an increase of almost four percent. At Burger King’s parent company, Restaurant Brands
the surprisingly strong quarterly report caused a pre-market price increase of four and a half percent.
The fact that Alibaba exceeded sales expectations left the shares of the Chinese Amazon competitor listed in New York
pre-market by almost seven percent. The oil company ConocoPhillips was able to more than double the quarterly profit and also scored with the announcement of higher capital distributions: The papers gained 2.3 percent.
By contrast, shares in Eli Lilly fell by two percent after the pharmaceutical company reported a significantly lower quarterly profit and lowered its profit outlook for the second time this year. At the car supplier Aptiv
lower annual targets also put pressure on the mood, as the price drop of almost nine percent showed./gl/zb
ISIN US2605661048 US6311011026 US78378X1072
AXC0270 2022-08-04/15:14
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