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NEW YORK (dpa-AFX) – After the recent course records on Wall Street on Easter Monday, the standard values stayed close to their highs on Tuesday. The Dow Jones Industrial (Dow Jones 30 Industrial) traded only slightly weaker with minus 0.10 percent to 33,492.84 points in the first hour after the start of the stock market. In the medium and long term, the trend arrow in the Dow clearly points upwards, wrote chart technology expert Franz-Georg Wenner from Index Radar. In the coming days, however, investors should be patient.
A surprisingly strong increase in employment in the US in March had driven both the Dow and the broad-based S&P 500 to highs the day before. On Tuesday, the S&P 500 set another record. Most recently it was 0.09 percent higher on 4081.55 counters. The technology-heavy NASDAQ 100 advanced 0.10 percent to 13,611.81 points.
“The growth impulses come from the Covid 19 crisis, because the proportion of those vaccinated is increasing,” wrote Goldman Sachs analyst Chris Hussey. He spoke of the most recent impressive economic signals in the USA. There are no signs of overheating or inflation concerns.
Little has happened on Tuesday with the individual titles. A canceled buy recommendation from Goldman Sachs for the shares of Chevron had no negative effects on the price of the oil company with a plus of 0.4 percent. After several years of above-average price development for Chevron shares, the investment bank now sees more potential in other industry giants such as ExxonMobil. ExxonMobil gained 1.4 percent.
Pharmaceutical and healthcare stocks ended up in the back of the Dow. The stocks of the health insurer UnitedHealth Group (UnitedHealth) fell 1.5 percent in the bottom. The papers from Coca-Cola./ajx/he were ahead with a plus of 1.1 percent