video-tag-article">
NEW YORK (dpa-AFX) – The US stock exchanges rose on Friday. The strength of some heavily weighted technology stocks proved to be a support at the end of a largely weak week. 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 0.50 percent to 35 069.94 points and ended a four-day series of losses for the time being. On a weekly basis, however, there is a minus of almost 1.3 percent. The market-wide S&P 500
advanced on Friday by 0.61 percent to 4432.76 points and the technology-heavy Nasdaq 100 rose by 0.89 percent to 15 066.33 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 a reduction in bond purchases later this year. Now 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 corona virus affects consumer behavior and business activity affect the company.
In the Dow, the shares of the software company Microsoft counted
and Salesforce with price premiums of 2.4 and 1.7 percent respectively to the biggest winners. The technology company Apple With a price increase of 0.7 percent in the leading index, it was in the top third.
Spotify delighted investors with the surprising announcement that they would buy back their own shares for up to one billion US dollars: their price rose by almost six percent to 217.11 dollars. 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 almost 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 their low since March at $ 52.64.
That the British competition guard is the planned takeover of the British chip designer Arm by the US chip company Nvidia
Want to subject it to an in-depth examination, did not weigh on its shares: After the previous day’s profits, they rose by a further three percent to around $ 204, setting a course for their record high of $ 208.75 from July.
The authority had not appeased the last concessions made by both actors because of competition law concerns. 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 than had initially been assumed, only briefly for resentment. These quickly shook off the titles that had already been punished recently and gained almost one and a half percent.
Meanwhile, Deere & Co shares benefited only briefly of the fact that the manufacturer of agricultural equipment exceeded the market estimates in terms of earnings in the past fiscal quarter: After initial price gains, they continued their downward trend with a slide of 2.8 percent.
It was similar with Applied Materials From: Even the machine manufacturer 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 0.9 percent. The numbers were strong, wrote about Berenberg analyst Tammy Qiu. However, given the gradually weakening average sales prices for DRAM chips, investors feared that the cycle could have peaked.
Moderna shares showed violent price fluctuations after the Washington Post reported that there were official investigations into whether the biotech company’s Covid-19 vaccine could cause myocarditis in young adults. Most recently, however, after the recent losses, buying interest predominated: the shares gained one and a half percent ./gl/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0187 2021-08-20/17:31
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
