NEW YORK (dpa-AFX) – Investors were gradually emerging from hiding on Wall Street on Thursday. The gas pipeline that was reactivated in Europe and the significant interest rate hike by the ECB initially did not give a clear impetus, as did the mixed data on companies. However, over time, investors gradually became bolder and all major US indices clearly reached the plus and six-week highs.
A positive pioneer was the technologically advanced Nasdaq exchange with the Nasdaq 100 index selected
The market said investors were still considering the impact of recent geopolitical and monetary policy developments on growth and whether the stock market could hit bottom. Economic data from the US sent rather bad signals: In addition to weak weekly labor market data, the leading index and the business climate in the Philadelphia region fell more than expected.
At Dow, the technical values contained therein also supported the Nasdaq rally. Cisco documents
saw increases from 1.0 to 1.6 percent. Only Goldman Sachs recorded even greater profits, reaching 1.9%.
Besides, there have been very few positive reports in the Dow. Chevron oil company
Things have gotten really gloomy for AT&T investors
It was also a big hit with airline shareholders, with United Airlines stock plummeting after the recent boom in the travel industry
But there were also companies that were able to convince with their business data. So touched Danaher
In the currency market, the euro accelerated along with the stock market. Recently, the price has risen again above $ 1.02 to $ 1.0219. The ECB previously set the reference rate at USD 1.0199, ie at the Wednesday level.
US Treasury bonds also rose, which was justified by weak economic data. The Treasury’s 10-year futures contract rose 1.05 percent to 119.02 points. Your return was 2.88 percent./tih/he
— Author: Timo Hausdorf, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0352 2022-07-21 / 22: 39
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