NEW YORK (Dow Jones) – The record hunt on Wall Street also continued at the end of the week before skepticism arose at the close of trading. The Dow Jones Index, S&P 500 and Nasdaq Composite both hit new all-time highs. The record-high sales in the US Christmas business continued to support this, and there was also surprisingly good economic data from China. There, the profits of industrial companies rose in November by 5.4 percent year-on-year, and thus more than in eight months. Market participants also expected the US-China “phase one” trade agreement to be signed soon.
Shortly before the close of trading, however, there was a nervous business with taxes and a subsequent partial recovery with thin sales. The Dow Jones index rose 0.1 percent to 28,645 points. The S&P 500 hardly changed, the Nasdaq composite lost 0.2 percent. Price gains recorded 1,341 (Thursday: 1,723) shares, while 1,575 (1,208) losers were seen and 115 (74) stocks closed unchanged.
Boeing with another manager departure
The Boeing share continued to be the focus of the individual stocks. Another CEO of the US aircraft manufacturer takes his hat after CEO Dennis A. Muilenburg. J. Michael Luttig, senior advisor to the Board of Directors, will retire at the end of this year. He had “headed legal matters related to the accidents involving Lion Air Flight 610 and Ethiopian Airlines Flight 302 and advised the Board on strategic issues,” Boeing said. After stronger gains in the meantime, the share finally gained 0.1 percent.
Comcast is in talks to acquire the video streaming company Xumo, it is said by circles familiar with the process. The background is the planned market entry of Comcast with its own streaming service. However, it is still not certain whether the talks will lead to a successful conclusion, it continues. The titles rose by 0.3 percent.
Oil prices volatile
Oil prices were changeable. However, they made up interim losses according to the new US inventory data, which have seen a significant decline. Brent even climbed to its highest level since May. Surprisingly good economic data from China also had a supportive effect. The price of a barrel of the US grade WTI gave up the small profits again and tended little changed at $ 61.70, Brent gained 0.4 percent to $ 68.16.
The euro continued its upward movement against the dollar on Friday. After the settlement in the trade dispute on a “phase one” agreement and the signing of a corresponding contract between the USA and China, the risk appetite increases on the currency market, it said. The euro-dollar currency pair in particular is particularly sensitive to changes in the prospects for global economic growth, stated Stephen Innes from Axitrader. At the moment, optimism about the settlement of the trade dispute is being strengthened and an expansion of the trend could pave the way for a further euro recovery. The euro is currently trading at $ 1.1144, after $ 1.1082 in the previous day’s low.
At the “safe havens” gold and bonds there was little movement. The price for the troy ounce was little changed at $ 1,511. The precious metal has had an extremely strong week, driven by dollar weakness and repositioning for 2020. Ten-year US government bond yields fell 2.1 basis points to 1.87 percent.
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INDEX last +/-% absolute +/-% YTD
DJIA 28,645.26 0.08 23.87 22.80
S&P-500 3,240.02 0.00 0.11 29.25
Nasdaq Comp. 9,006.62 -0.17 -15.77 35.74
Nasdaq-100 8,770.98 -0.08 -7.34 38.56
US bonds
Maturity yield bp to VT yield VT +/- bp YTD
2 years 1.58 -5.2 1.63 37.5
5 years 1.67 -4.3 1.72 -24.9
7 years 1.79 -2.5 1.82 -45.4
10 years 1.87 -2.1 1.89 -57.2
30 years 2.32 -0.9 2.32 -75.2
DEVISEN last +/-% Fri., 8:47 a.m. Thu, 10.20 p.m.% YTD
EUR / USD 1.1174 + 0.70% 1.1125 1.1102 -2.5%
EUR / JPY 122.29 + 0.58% 121.83 121.72 -2.7%
EUR / CHF 1.0892 + 0.00% 1.0898 1.0895 -3.2%
EUR / GBP 0.8546 + 0.13% 0.8543 0.8540 -5.0%
USD / JPY 109.44 -0.12% 109.51 109.64 -0.2%
GBP / USD 1.3075 + 0.60% 1.3023 1.3000 + 2.4%
USD / CNH (offshore) 6.9920 -0.01% 6.9949 6.9919 + 1.8%
Bitcoin
BTC / USD 7,198.51 + 0.13% 7,182.26 7,219.01 + 93.5%
ROHOEL last VT-Settl. +/-% +/- USD% YTD
WTI / Nymex 61.70 61.68 + 0.0% 0.02 + 26.9%
Brent / ICE 68.16 67.92 + 0.4% 0.24 + 23.1%
METALLE last day before +/-% +/- USD% YTD
Gold (spot) 1,511.13 1,510.80 + 0.0% +0.33 + 17.8%
Silver (spot) 17.77 17.90 -0.7% -0.13 + 14.7%
Platinum (spot) 949.15 946.85 + 0.2% +2.30 + 19.2%
Copper future 2.82 2.86 -0.8% -0.02 + 6.5%
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DJG / DJN / raz
(END) Dow Jones Newswires
December 27, 2019 16:32 ET (21:32 GMT)
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