NEW YORK (dpa-AFX) – US economic data, which were received positively, fired the record hunt on Wall Street on Thursday. Both the most important technology stock indices and the S&P 500, which tracks the broader market, rose and reached historic highs. The US benchmark index, the Dow Jones Industrial, also posted gains, but is still a bit short of the high it reached at the beginning of May.
The Dow recently rose 0.76 percent to 34,130.58 points. For the S&P 500 it went up 0.56 percent to 4265.76 points. His record high is now just under 4269 points.
The technology-heavy Nasdaq 100 rose 0.86 percent to 14 397.50 points. The broader Nasdaq Composite was up 0.81 percent.
The weekly initial jobless claims fell less sharply than economists had forecast, and orders for durable goods rose less than expected in May. Nevertheless, the data showed that the economic recovery in the USA is continuing, wrote the experts at Landesbank Helaba. With regard to the policy of the US Federal Reserve, the current economic news would not encourage speculation about a turnaround in interest rates. Recently, the sharp rise in inflation in the US had aroused fears that interest rates could rise faster than expected and thus make equities appear in a worse light compared to bonds./la/eas
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