NEW YORK (dpa-AFX) – After the recent price setback, it looks like a conciliatory end to the week. At the reduced price level, investors tended to resort to the most recently neglected default values again on Friday. Instead, the technology stocks, which had recently performed well, suddenly lacked popularity.
The New York benchmark index Dow Jones Industrial, which is characterized by standard values, rose 0.96 percent to 34,670 points in early trading. The S&P 500 followed it up by 0.62 percent to 4347.58 points, which was not enough to set a new record for the broad-market index. The technology-heavy selection index Nasdaq 100, on the other hand, was 14,715.31 points, just under 0.05 percent.
The day before, the increasing concern about the spread of the delta variant of the coronavirus had been paired with awakened economic pessimism. In the case of US government bonds, which were recently in demand as a safe haven, there was now profit-taking and a recovery in yields. Expert Melinda Earsdon from broker Oanda therefore suspects that the day before “it was just a healthy technical correction” on the stock market ./tih/jha/
Source: dpa-AFX
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