NEW YORK (dpa-AFX) – Wall Street should pick up a gear again after the break in the middle of the week. Broker IG valued the leading index Dow Jones Industrial around three quarters of an hour before the stock market launch on Thursday at 33 911 points, which is 0.53 percent higher. On Wednesday, the US benchmark index rose to a record high, but could not quite maintain the high level in the end.
On this Thursday, among other things, the recent decline in capital market yields proved to be a support. The inflation worries that have re-emerged in the past few weeks have now faded into the background, so that investors are currently not concerned about a sharper pace from central banks.
It is also worth taking a look at fresh economic data. The business climate in the Philadelphia region, for example, surprisingly brightened in April.
With regard to individual companies, as on the previous day, there was good news from some banks. The stock market boom and fewer worries about bad loans gave Bank of America a strong start to the year. The bottom line was that the shareholders made a surprisingly high profit. This put the paper of the financial institution in pre-market US trading by 0.5 percent.
The competitor Citigroup also presented positive profit figures. The US financial giant earned significantly more at the beginning of the year thanks to booming securities trading and investment banking as well as sharply lower credit risks. Here, the shares went up by a good three percent before the trading day.
The health insurer UnitedHealth started the year with a strong profit jump despite the corona pandemic. In the pre-trading session, there was an increase of almost two percent.
The computer company Dell finally parted with its majority stake in the software manufacturer VMware. The companies should be set up independently of one another. The announcement was well received by investors: the shares soared by almost eight percent before the market. / La / fba
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