Börse Express – New York Stocks: Investors are cautious

NEW YORK (dpa-AFX) – The US stock exchanges held their record high on Wednesday with moderate gains recently. First they favored technology stocks, as they did the day before, which gave the Nasdaq 100 shaped by price gains at Apple
and Amazon helped set a new record. When the momentum subsided, the technology-heavy selection index had to fight for breakeven at times. Most recently, with 14,825.73 points, it was up 0.27 percent.

For the other indices it looked at times like a mixed day, but in the end it made it like the Dow Jones Industrial into the plus and rose by 0.20 percent to 34,648.03 points. The S&P 500 reached a record level like the Nasdaq indices, most recently it rose by 0.37 percent to 4359.57 points.

On Wednesday, the further decline in capital market interest rates contributed to the increase: the yield on ten-year US bonds reached their lowest level since February by midweek. This signals that investors are repressing the temporarily noticeable concerns about an end to the very loose monetary policy of the US Federal Reserve – also because of concerns that the spreading delta mutation of the coronavirus could jeopardize growth. The minutes of the meeting of the US Federal Reserve published in the evening did not become the new price driver in the first few minutes.

The rally in the technology sector, which was particularly noticeable at the beginning, brought shares in giants such as Amazon and Microsoft
or alphabet each course records. The profits ranged here recently from 0.2 to 1.0 percent. The Apple papers overshadowed this, heading for their previous record with an increase of 1.9 percent.

What pleases investors on the one hand, on the other hand, initially slowed down interest in financial stocks. Goldman Sachs shares or Morgan Stanley
Relative to their strong deficit at the beginning, but recently, while other industry names such as JPMorgan did even managed to make a moderate plus. In this sector, rising interest rates are seen as an advantage because of the important deposit and lending business./tih/mis

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0298 2021-07-07/20:25

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