Equities New York Outlook: Dow approaches record high again | 02/19/21

NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) is likely to pick up on its previous day’s recovery in late trading on Friday and gain something. Broker IG valued the US leading index a good three quarters of an hour before trading opened, 0.27 percent higher at 31 578 points. This brings the record high of just under 31,644 points, which was only reached in the middle of the week, a little closer.

At the end of the week, the discussion about a return in inflation lost some of its momentum. The recently dominant concerns about a significant rise in interest rates and the associated price losses on the stock market faded into the background after the situation on the bond market had recently eased. Instead, current economic data and company news came back into focus.

Applied Materials, among others, provided good news on Friday. The manufacturer of equipment for the semiconductor industry pleased investors with a robust forecast, so that shares in pre-market US trading soared 5.4 percent. Applied Materials’ order books are currently filling up as customers ramp up production due to the current shortage of microchips.

At Deere (DeereCo (John Deere)), too, things are currently running smoothly: The agricultural machinery manufacturer has raised its forecast and has thus reacted to the better business of customers in the agricultural sector. This moved Deere’s papers by almost six percent before the IPO. at

For the shares of Uber, however, the pre-trading business fell by almost two percent. The driver service broker lost an important legal battle in Great Britain in years of struggle for the status of drivers. Uber drivers should not be treated as independent entrepreneurs, but as employees, ruled the London Supreme Court. The court thus followed the decisions of previous instances against which Uber had appealed in the dispute that had been going on since 2016./la/eas

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