New York equities: Dow and S&P set more records to follow

advanced on Monday by 0.97 percent to 15,504.76 points. But it also has some catching up to do, after all, in contrast to the aforementioned New York indices, it is still a long way from a record.

In the market, it was said that investors continued to view the corporate reporting season with cautious optimism, which will be in full swing in the coming days. “The reports have been very promising so far, but whether the markets can continue to take the momentum depends on whether the big tech companies are on board or not,” commented market analyst Craig Erlam of broker Oanda. He was referring to the results expected over the course of the week from corporations such as Alphabet , Microsoft , Apple and Amazon .

What these four giants have long since achieved is now also at Tesla Reality: The electric car maker was added to the ranks of US corporations with a market valuation of one trillion US dollars on Monday with a price jump of almost ten percent. Most recently, a strong quarterly report had already sent the shares back on a record rally, and now it has acted as a new driver that the US car rental company Hertz has ordered 100,000 electric cars. The stock is now on the brink of breaking the $ 1,000 mark.

This Monday, after close of trading, Facebook’s key figures are on the agenda. The company had also been worth more than a trillion dollars at times. While Facebook is generally coming under increasing pressure, there is currently speculation surrounding the question of whether founder Mark Zuckerberg will give the company a new name. The share recently made it just under 0.2 percent in the plus.

The recently heavily under pressure PayPal papers recovered 4.1 percent. To make things easier, the payment processor reported on takeover talks with Pinterest countered. One is currently not aiming to buy the photo platform, said PayPal. The Pinterest shares then plummeted by 12.4 percent.

Once again, oil stocks were in general demand, such as price gains of 0.9 percent in the Dow chevron and 1.6 percent at Exxonmobil showed. The price of US WTI oil rose above the $ 85 mark on Monday for the first time since 2014. A high demand with only limited supply has been a price driver for oil for weeks./tih/he

Source: dpa-AFX



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