New York Stocks: Tech stocks record rally continues – Dow continues to decline
The Wall Street sign in New York (symbolic image). © robertcicchetti / iStock / Getty Images Plus / Getty Images
NEW YORK (dpa-AFX) – The record hunt on the US technology exchange Nasdaq entered a new round on Friday. Both the major industry indices Nasdaq 100
However, the standard values on Wall Street gave way for the most part. They suffered from concerns that the pandemic would worsen further after Austria pulled the emergency brake in view of the massive fourth corona wave and will go into lockdown again from Monday.
This is how the Dow Jones Industrial expanded
The Nasdaq 100 rose 0.44 percent to 16 555.63 points. The Nasdaq Composite was up 0.34 percent.
The tech values are currently being driven by some good company news as well as by the continued favorable environment. The US Federal Reserve wants to take its time with an interest rate hike, which many economists believe is the sharpest sword for fighting inflation. Low interest rates make it easier for the generally very growth-oriented companies in the industry to get financing.
Moderna shares moved among the biggest winners on the Nasdaq 100
Intuit’s papers soared at the top of the index
Applied Materials stocks
At the end of the Dow, Boeing’s shares (Boeing shares) buckled
|Short-term position in Dow Jones Industrial Average|
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