Börse Express – New York Stocks: Record Chase

NEW YORK (dpa-AFX) – Strong quarterly figures from both the “Old Economy” and the new tech and social media world of Twitter, Snap and Co fueled the stock rally in New York on Friday. The tech-heavy Nasdaq 100 Index and the market-wide S&P 500
soared to record highs. The leading index Dow Jones Industrial Yet another record high was still owed.

The Dow rose 0.68 percent to 35,062 points and failed by a hair’s breadth at another high. The S&P 500 recently rose 1.02 percent to 4412 meters. With the Nasdaq 100 it went even further up with 1.14 percent to 15,110 counters.

Snap’s shares caused a sensation: They shot up 25 percent to their highest level since the IPO more than four years ago. The technology and social media company recently found many new, active followers with new offers, especially among young people, which in turn attracts the advertising companies. Credit Suisse analyst Stephen Ju said the company is only at the beginning of a ten-year upward cycle.

The course news service Twitter had recently benefited significantly from advertisers. Revenue in the second quarter rose 74 percent year over year to just under $ 1.2 billion. The shares went up 3.8 percent. Analyst Doug Anmuth from the investment bank JPMorgan wrote that it is now paying off that management has consistently focused on turning the offers for users into face value over the past two years.

Given the good news from Twitter and Snap, the courses of other industry giants such as the online photo service Pinterest also fell and Facebook vigorously. Facebook rose 6 percent to a record high. Here Credit Suisse announced the highest price target currently on the market at $ 480. It gives the price further upside potential of almost 30 percent.

Mit American Express and Honeywell
published two more stocks from the Dow Jones Index Quarterly Reports and Outlooks. These were well received in the market, the shares of American Express rose by 1.6 percent and also pulled the paper of the counterparty Visa up by 2.1 percent. American Express has never before won so many new customers for the Nobel Platinum Card in one quarter as in the months of April to June.

The course of the industrial group Honeywell rose by 1.7 percent. Both the aerospace business and the energy division of the conglomerate had recovered even better from the corona-related slump than analysts expected.

The fly in the ointment was the news from Intel before the weekend . The chip giant expects the global semiconductor shortage to worsen in the coming months and continue into 2023. On the stock exchange, the sales forecast for the current year was also disappointing. The price slipped more than six percent at the end of the Dow./bek/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0298 2021-07-23/20:07

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