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NEW YORK (dpa-AFX) – The prices on the technology-heavy Nasdaq exchange moved unchecked in forward gear on Tuesday. The selection index NASDAQ 100 reached a record high shortly after the starting bell and subsequently increased its profits more and more. After a brief rise above 14,000 points, it ended the trading day 1.21 percent higher at 13,986.49 points. Tech share prices benefited from falling US bond yields after inflation data in March.
The Dow Jones Industrial (Dow Jones 30 Industrial), on the other hand, was kept in check by a possible preliminary out of vaccinations with the active ingredient from Johnson & Johnson (JohnsonJohnson) in the USA. The leading US index closed 0.20 percent lower at 33,677.27 points. For the market-wide S&P 500, however, it rose 0.33 percent to 4141.59 points. In the course of time it had reached a record high at 4148.00 points.
In March, inflation in the USA increased surprisingly significantly. However, observers justified this with higher energy prices. The core rate of inflation, in which volatile prices for energy and food are factored out, remains moderate, however. As a result, US yields fell and tech stocks rose. Technology companies are seen as beneficiaries of low interest rates because they encourage companies to invest in software and hardware. For example, Apple gained 2.4 percent at the top of the Dow.
The shares of Johnson & Johnson (JohnsonJohnson) lost 1.3 percent as one of the weakest index values. After reports of venous thromboses that occurred after vaccinations with the pharmaceutical company’s active ingredient in the USA, the responsible US authorities recommended a temporary suspension of vaccinations. This will probably only be maintained for a few days. The US pharmaceutical company is also postponing the launch of the vaccine in Europe.
While Johnson & Johnson’s share price fell, the stocks of its competitors in the global corona vaccine business, Biontech (BioNTech (ADRs)) and Moderna, rose 6.7 percent and 7.4 percent, respectively.
The Dow was also held back by the price losses of Goldman Sachs and JPMorgan (JPMorgan ChaseCo) of a good one percent each. Both investment banks will publish their reports on the first quarter of the business on Wednesday before the starting bell.
At American Airlines the news that the airline expects an adjusted loss of 2.8 billion US dollars for the first quarter caused a price loss of 1.5 percent.
The euro rose after US consumer prices and last cost $ 1.1950 in New York. The European Central Bank had previously set the reference rate at 1.1896 (Monday: 1.1904) dollars. The dollar had thus cost 0.8406 (0.8401) euros.
US Treasuries rose: The futures contract for ten-year Treasuries (T-Note-Future) climbed 0.30 percent to 132.09 points. In return, the yield on ten-year bonds fell to 1.62 percent./bek/he
— By Benjamin Krieger, dpa-AFX —
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