NEW YORK (dpa-AFX) – The record run on the US stock market continued on Wednesday with new highs for the Nasdaq 100 and the S&P 500. Although the steps were small, they still showed stability at a high level. In addition, investors can look forward to a very strong first half of the year, in which the market-wide S&P index rose more strongly than it has for over 20 years. However, job data from the private sector – just like corporate sentiment in the Chicago region and real estate data for May – had little influence on investor sentiment.
The Dow Jones Industrial (Dow Jones 30 Industrial) is still lagging a little behind the latest record rally, but is increasingly catching up. He ended the day with the clearest plus: He climbed 0.61 percent to 34,502.51 points. The world’s best-known index reached its record high in May when it broke the 35,000 point mark for the first time and so far for the last time. In the first half of 2021, however, it rose by almost 13 percent.
The S&P 500 closed with an increase of 0.13 percent to 4297.50 points, after having briefly passed the 4300 point mark again. His half-year profit is a little more than 14 percent. The technology-heavy NASDAQ 100 finally fell by a moderate 0.12 percent to 14,554.80 points after its new record high this Wednesday. It has risen by almost 13 percent in the year to date.
While job creation in the private sector slowed in June, according to data from the labor market service provider ADP, but did not take place as strongly as feared, the business climate in the Chicago region clouded over surprisingly in June. The US housing market, on the other hand, continued to develop robustly in May: House sales, which were not yet fully completed, rose sharply.
“Negative on the one hand, surprisingly positive on the other, but they do not seem representative of the broader economy,” wrote Pantheon Macroeconomics economist Ian Shepherdson of the latter two economic indicators. With a view to the labor market data, the official report on Friday is also being waited for.
Among the individual values, a few companies with numbers and outlooks came into focus. The home supply retailer Bed Bath & Beyond (Bed BathBeyond) raised its sales outlook to present its quarterly figures. The share jumped 11.3 percent as a result. Alcohol manufacturer Constellation Brands (Constellation Brands A) raised its annual profit target for 2021/22, which brought the share up 1.3 percent. The food manufacturer General Mills convinced with better than expected quarterly earnings per share, whereupon its shares rose by 1.5 percent.
The pharmaceutical specialist for the genetic engineering Crispr method Intellia Therapeutics wants to place 4.1 million common shares at 145 dollars each. The interest in the papers still seems to be great, because after the stocks shot up by around 50 percent at the beginning of the week due to “groundbreaking clinical data”, they now advanced by almost 7 percent to 161.91 dollars. The shares of the armaments manufacturer Lockheed Martin and Raytheon Technologies rose by around one percent each and benefited from major orders from Switzerland.
Walmart (Walmart) were the Dow favorite, up 2.7 percent. The retail group entered into a strategic partnership with Ibotta, a mobile technology company. He wants to offer his customers a new digital program for savings offers on Walmart.com and the Walmart app.
An IPO also came into focus, because the Chinese driver service broker Didi (DiDi Global) met up. Placed at $ 14 a share, the shares rose nearly 30 percent at times. However, they only went out of trading for $ 14.14.
The euro was trading at $ 1.1859 on Wall Street close after coming under pressure in European business. The European Central Bank set the reference rate in Frankfurt at 1.1884 (Tuesday: 1.1888) dollars. The dollar cost 0.8415 (0.8412) euros. Government bonds rose in the US bond market. The futures contract for ten-year Treasuries (T-Note-Future) rose in late trading by 0.18 percent to 132.53 points. The yield on ten-year bonds fell to 1.441 percent./ck/men
— By Claudia Müller, dpa-AFX —
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