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NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) and the S&P 500 held on to record levels on the US stock market on Thursday. The leading index closed with a slight plus of 0.04 percent to 35 499.85 points and thus only remained around eleven points below the record high it had reached at the opening.
The market-wide S&P also rose higher than ever and closed with a plus of 0.30 percent to 4460.83 points, just below its record. On the Nasdaq, the technology-heavy selection index NASDAQ 100 gained 0.41 percent to 15 088.98 points.
By midweek, investors had reacted with relief that the already quite high inflation rate in the United States had not increased any further. The standard value indices had continued their record hunt. On Thursday it became known that US producer prices have increased surprisingly significantly. That should now further fuel inflation expectations in the USA. The producer prices affect the consumer prices at which the US Federal Reserve theirs Monetary policy aligns. For the time being, however, the fear of an earlier tightening of monetary policy has been dispelled, it said from the trade.
In the Dow and the Nasdaq, Apple shares were among the top stocks with a plus of 2.1 percent. Several analysts pointed to a strong recovery in iPhone demand in China. According to JPMorgan’s Samik Chatterjee, this indicates that Apple is continuing to expand its market share. At the close of trading, Apple shares were priced at $ 148.89. They are thus back on course to their record high of $ 150, which they reached in mid-July. Only the shares of the software company Salesforce were better than Apple on Thursday in the Dow with a premium of two and a half percent.
Palantir’s papers soared more than eleven percent. The data analysis company had surprised both with their sales figures and with the sales forecast. The growth is impressive, wrote Jefferies analyst Brent Thill. With a view to the development with commercial customers, Palantir is shifting up a gear.
The shares of Micron Technology, however, lost almost six and a half percent after analyst Shawm Kim of the bank Morgan Stanley had commented negatively on the shares of the memory chip maker. In his opinion, the market for dram chips is currently entering a late-cycle phase and is losing momentum accordingly.
The shares of eBay initially traded weaker, but then turned and closed with plus 1.3 percent. The online trading platform posted significant business growth in the second quarter, but the prospect of net sales fell short of expectations.
The euro was priced at $ 1.1735 after Wall Street closed. The European Central Bank (ECB) had set the reference rate at 1.1739 (Wednesday: 1.1718) US dollars, the dollar cost 0.8519 (0.8534) euros. On the US bond market, the futures contract for ten-year Treasuries (T-Note Future) recently fell by 0.06 percent to 133.50 points. The yield on ten-year government bonds was 1.362 percent./ajx/he
— By Achim Jüngling, dpa-AFX —