Saturday , March 6 2021

New York Stock End: Nasdaq Rally also helps Dow Win | News



The S & P 500 increased by 1.06 percent to 2730.20 points. The optional Nasdaq 100 index was simultaneously extended by 1.78 percent to 6890.45 points.

The Empire State index was better than expected, but the Philly Fed index and weekly unemployment claims showed weaker than the expected image. Retail data was not convinced. Overall, sales were higher than predicted in general, but without the sale of cars and the sale of service stations, Goldman Sachs said that they were weaker. All together, the mixed picture still shows a solid pace of growth, he said.

Among the Dow winners, Cisco's shares reached 5.5 percent above the average. The specialist network has impressed its investors with a surprisingly strong first quarterly budget. The bottom line was a profit of almost 50 percent.

For 3M paper, it rose by 3.5% in second place. Conglomerate predicts strong profit growth in the coming years. The surplus per share in the next five years is expected to increase by 8 to 11 percent per year.

JP Morgan's share increased by 2.6 percent since the entry of Starr's investor Warren Buffet. This was done through the Berkshire Hathaway investment company with a large amount of America's largest bank. In the third quarter, the 88-year investment guru on the stock exchange bought more than 35 million shares of JPMorgan, which increased its share in the amount of approximately $ 4 billion.

However, Walmart shares at the end of Dow lost 2.0 percent. The seller reported a strong third quarter and is also optimistic about the holiday season. However, analyst Simeon Gutman of Morgan Stanley is cautious and believes that growth could reach the peak in the second quarter of this year. In addition, freight costs should be ensured as a result of rising salaries in the new year for front winds, it was said.

JC Penney's documents have experienced extreme price movements. After falling almost 14 percent at the beginning of trading, the final was 11.5 percent high. However, sales performance in the third quarter of the store categories was disappointing.

In the US bond market, 10-year government bonds largely lost their early profits, from 3/32 to 100 3/32 points. They returned 3.121 percent. The euro exchange rate rose temporarily to $ 1.1362 in US trading and ended at Wall Street trading at $ 1.1333. After the resignation of several members of the British government, the price dropped to $ 1.2781. The European Central Bank later fixed a reference rate of USD 1,1305. The value of the dollar was 0.8846 (0.8853) euros./ck/he

— Claudia Müller, dpa-AFX —

(AWP)


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