Börse Express – New York Stocks: Dow with a strong trading week

NEW YORK (dpa-AFX) – Just before the weekend, Wall Street investors were in a good mood. After an already strong trading week, equity markets took a step further on Friday. The leading Dow Jones Industrial Index
rose 2.42 percent to 32,807.56 points, bringing it to a weekly increase of 5.5 percent. The S&P 500 at the market level
was up 2.13 percent on Friday to 3888.27 points. US stock exchanges also received support this week from falling bond market yields.

Intel quarterly issues and Apple
they were very well received and accounted for Amazon’s price losses
after their sad look the shadow. The high-tech Nasdaq 100 , which had fallen behind this week, is also up sharply, by 2.68% to 11,491.33 points. Amazon’s high price losses only initially weighed on the Nasdaq exchange. On a weekly basis, however, the Nasdaq 100 lagged the Dow with a weekly increase of 1.6%.

Shares of Amazon fell by as much as 12%, most recently the discount was 8.3%. In the beginning, the market capitalization had fallen below the much-noted threshold of trillion dollars. The online retailer justified its cautious forecast for the important fourth quarter with rising inflation and consumer concerns about a recession.

The group feels the weaker economic outlook in e-commerce and the cloud business, wrote JPMorgan analyst Douglas Anmuth. Above all, the international activity of the globally active group has tarnished.

This was offset by price increases of nearly 10% for Intel and 8.5% for Apple. This made the two papers clear favorites for the Dow. The chip group is hit hard by the downturn in the PC market and is now adopting extensive austerity measures. In the next year, Intel wants to reduce costs by three billion dollars. Analysts praised the austerity measures.

Apple is challenging consumer restraint, mainly thanks to the strength of the iPhone. In the last quarter, the group increased its sales by 8% year-on-year to $ 90 billion. The iPhone group is a relatively safe haven in the current stormy environment, wrote Credit Suisse analyst Shannon Cross.

The American newspapers of T-Mobile increased by 7.6 percent. After a continuous strong influx of customers, the Telekom
growth forecasts have increased again. T-Mobile CEO Mike Sievert spoke about the strongest increase in the number of contract customers in the company’s history. In the wake of T-Mobile US, it won the shares of competitor Verizon
3.6 percent.

In the US oil industry, meanwhile, profits are rising thanks to high oil and gas prices. Exxon Mobile it exceeded expectations with a record third quarter profit of nearly $ 20 billion. The price rose by 2.7 percent. Competitor Chevron too recently gained a lot from high prices, here the price has risen by 1 percent./bek/he

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AXC0378 2022-10-28 / 20: 04

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