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NEW YORK (dpa-AFX) – With a strong final spurt, the New York stock indices expanded their profits on Thursday. The market-wide S&P 500 rose by 0.60 percent to 4429.10 points and only barely missed its record high, which was only a few days old. The market strategists at the US investment bank Goldman Sachs had previously raised their year-end target for the S&P 500 from 4,300 to 4,700 points, which has now been exceeded.
On the penultimate trading day of the week, the technology-heavy NASDAQ 100 climbed higher than ever before, with a plus of 0.65 percent to 15,181.64 points. For the leading index Dow Jones Industrial (Dow Jones 30 Industrial) it rose by 0.78 percent to 35,064.25 points. So one day before the official monthly US labor market report, investors feel more optimistic.
The shareholders of the health insurer Cigna had to cope with a price drop of almost eleven percent on Thursday. Here, the expected negative impact on the annual result from the corona pandemic outweighed the surprisingly good quarterly profit.
The papers of the corona vaccine manufacturers Biontech (BioNTech (ADRs)) (-2.30%) and Moderna (-0.67%) paid tribute to their record rally, with Moderna also initially reaching a record high on Thursday. Thanks to the high demand for corona vaccines, the company also posted the highest quarterly profit to date. In the three months to the end of June, the company made a bottom line of $ 2.8 billion. Novavax expanded their previous day’s profit of almost 19 percent by a further five and a half percent.
At Regeneron (Regeneron Pharmaceuticals), investors were happy about a price increase of 3.7 percent. The biotech company had tripled its quarterly profit thanks to its corona drug.
Uber stocks (Uber) gained three and a half percent after the driver service agent doubled revenue in the second quarter but disappointed with an adjusted operating loss of over half a billion US dollars.
The securities broker Robinhood, which went public just a week ago, went down after the price fireworks on the previous day: After doubling in price within four trading days, the shares fell by almost 28 percent.
After the close of the New York exchange, the euro was barely changed at 1.1834 US dollars. The European Central Bank (ECB) had set the reference rate at 1.1850 (Wednesday: 1.1861) dollars. Thus, the dollar had cost 0.8439 (0.8431) euros.
On the bond market, the futures contract for ten-year Treasuries (T-Note Future) lost 0.28 percent to 134.45 points. The yield on ten-year government bonds was 1.224 percent./ajx/he
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