Sunday , November 29 2020

ROUNDUP / New York Stocks Rise: Nasdaq Rally also helps Dow Win – 15.11.18 – News



New York Times Square. The city is the United States most important financial center.
New York Times Square. The city is the United States most important financial center. pixabay.com

NEW YORK (DPA-AFX) – Strong gains on the technically heavy Nasdaq Stock Exchange also drove Wall Street higher on Thursday. Dow Jones Industrial was converted to the profit zone after the initial continuing descent and eventually increased by 0.83 percent to 25 289.27 points. There were no groundbreaking impulses from mixed economic data.

S & P 500 rose 1.06 percent to 2730.20 meters. Selection Index Nasdaq 100 Meanwhile, advanced by 1.78 percent to 6890.45 points.

The Empire State Index was better than expected, but the Philly Fed Index and the weekly unemployed claims showed a weaker than expected image. Retail sales data did not really convince. Overall, sales increased slightly more than forecast, but Goldman Sachs (Goldman Sachs stock) were smaller, according to Goldman Sachs, without the sale of cars and gas stations. Overall, the mixed image still shows a good pace, says it.

Among the winners in Dow stood Cisco shares out with plus 5.5 percent at index peak. The network specialist had pleased his investors with a surprisingly strong first quarter. Bottom line was the profit of almost 50 percent.

For paper of 3M It increased by 3.5 percent in second place. The conglomerate anticipates strong earnings growth over the next few years. The surplus per share is expected to increase by 8 to 11 percent annually over the next five years.

Shares in JPMorgan favored plus 2.6 percent from the entry of star investor Warren Buffett. This had been through his investment company Berkshire Hathaway involved with a significant amount in the largest US bank. During the third quarter, the 88-year equity market guru's investment portfolio had bought more than 35 million JPMorgan shares and increased its share of about $ 4 billion.

The shares in Walmart lost at the Dow end 2.0 percent. The dealer had reported a strong third quarter and is also optimistic for the holiday season. However, analyst Simeon Gutman of Morgan Stanley (Morgan Stanley Share) was cautious and believes that growth could have peaked in the second quarter of this year. In addition, shipping costs will ensure due to rising wages in the new year of main wind, said it.

JC Penney's paper experienced an extreme price movement. After a fall of almost 14 percent at the beginning of trading, it was at the end of the year 11.5 percent. However, sales results in the department store group's third quarter had disappointed.

In the US bond market, 10-year government bonds largely lost their early winnings, with 3/32 points to 100 3/32 points. They returned 3.121 percent. euro course temporarily increased to US $ 1,1362 in US trade and closed to $ 1,1333 on Wall Street. After departures from several British government members, the price previously had fallen to $ 1 2781. The European Central Bank had later established the reference rate to $ 1,1305. The dollar had cost 0.8846 (0.8853) euro./ck/he

— By Claudia Müller, DPA-AFX —


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