video-tag-article">
NEW YORK (dpa-AFX) – The US stock exchanges are heading for a conciliatory end to a weak week on Friday. The strength of a few heavily weighted technology stocks proved to be a support. Investors also welcomed statements by a US central banker that somewhat allayed their concerns about a possible tightening of US monetary policy in the near future. The few price-moving company news, however, met with a mixed response.
The leading index Dow Jones Industrial gained 0.63 percent to 35 112.63 points and ended a four-day series of losses. On a weekly basis, however, there is a minus of more than one percent. The market-wide S&P 500 advanced 0.69 percent to 4,436.39 points on Friday, and the tech-heavy Nasdaq 100 rose by 0.82 percent to 15 057.12 points. Both indices had already stopped their downward trend on Thursday.
According to the minutes (minutes) of the last meeting of the US Federal Reserve published on Wednesday, a majority of the members are in favor of reducing bond purchases before the end of this year. Robert Kaplan – chairman of the Dallas regional central bank and known within the Fed as a supporter of a rather loose monetary policy – said in a television interview that tightening monetary policy should be reconsidered if the particularly contagious delta variant of the coronavirus affects consumer behavior and business activity affect the company.
In the Dow, the shares of the software company Microsoft counted
and Salesforce as well as the network specialist Cisco with price premiums of 1.3 to 2.4 percent among the biggest winners. The technology company Apple ranked in the upper third of the index with a price increase of 0.6 percent.
Spotify delighted investors with the surprising announcement that it would buy back its own shares for up to one billion US dollars. Their price rose by almost five and a half percent to $ 216.19. However, the timing for this measure is probably no coincidence: After falling since the beginning of July, stocks at $ 201.68 had recently slipped to their lowest level in around 14 months.
The shareholders of the Foot Locker sports shoe chain
were able to enjoy a price jump of more than eight percent thanks to surprisingly strong sales and earnings figures. The stocks more than made up for the recent losses – on Thursday they had hit $ 52.64, their lowest level since March.
That the British competition guard is the planned takeover of the British chip designer Arm by the US chip company Nvidia
Wanting to undergo an in-depth examination, did not weigh on its shares: After the profits from the previous day, they continued to rise by almost four percent to $ 205.74, heading for their record high of $ 208.75 from July.
The concessions that both actors had recently offered because of competition concerns of the supervisors could not appease the authority. The importance of arm to the semiconductor industry is immense. From the present to the Japanese conglomerate Softbank owned by the company derives the basic architecture of the chips that are used in virtually all smartphones and most tablet computers.
Bei T-Mobile US caused the news that the hacker attack on the US subsidiary of the Bonn telecom group
significantly more data had been captured than initially assumed, only briefly for resentment. The recently punished titles quickly shook off the uncertainty and gained 0.8 percent.
Meanwhile, Deere & Co shares benefited only at the beginning of the fact that the manufacturer of agricultural equipment had performed better in the past fiscal quarter than expected on the market. After that, they continued their downward trend with a slide of more than two percent.
It was similar with Applied Materials From: Even the manufacturer of machines for the chip industry could not convince with its quarterly report, which is why the paper quickly slipped back into the red and recently lost more than two and a half percent. The numbers were strong, wrote Berenberg analyst Tammy Qiu. However, given the weakening average sales prices for DRAM chips, investors feared that the cycle could have peaked.
Moderna shares initially showed severe price fluctuations. The Washington Post had previously reported that there were official investigations into whether the biotech company’s Covid-19 vaccine could cause myocarditis in young adults. After that, however, after the recent price losses, buying interest prevailed: The shares gained almost two percent./gl/stw
ISIN US2605661048 US6311011026 US78378X1072
AXC0213 2021-08-20/20:24
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
– .
Related
