New York Stocks: Light Recovery for the Weekend

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New York Stocks: Light Recovery for the Weekend
New York Stocks: Light Recovery for the Weekend

The US stock markets have picked up a little after the clear losses on the previous day. Positive impulses came from the oil market. The prices climbed this week by about 5 percent.The Dow Jones Industrial rose last year by 0.40 percent to 21 372.23 points, benefiting from a course of the

The Dow Jones Industrial rose by 0.40 percent to 21 372.23 points, benefiting from a rise of the Nike shares. This indicates a weakening of about 0.1 percent for the US leading index. The Dow, on the other hand, is likely to close the month of June with a profit of 1.7 percent. The half-year balance sheet for the world’s most famous stock market barometer is up 8 percent.

The market-wide S&P500 index on Friday gained 0.30 percent to 2426.96 points. The Nasdaq 100, which lost nearly 1.8 percent the previous day, was up 0.16 percent to 5662.30 points.

There was news from the economic side. In the Chicago region, the business climate in June unexpectedly rose sharply to its highest level in over three years. In addition, in June the US consumer sentiment – measured by the Consumer Climate Index of the University of Michigan – fell less than expected. Furthermore, the household income in May is somewhat higher than projected.

In particular, consumer goods and industrial stocks, whose sector indices rose by around 0.8 percent, were particularly popular. Papers from the health sector, on the other hand, were on the lower end with a minus of 0.1 percent.

Among the individual values, the focus was clearly on the shares of Nike. Surprisingly strong business figures and a friendlier than feared outlook of the US sports article group attracted investors in droves. The papers jumped by more than 10 percent and were thus the clear leader in the Dow. With a daily high of 58.78 dollars, they reached the highest level for more than three months. In the case of investors, it was also a good thing that the group would work more closely with the world’s largest online retailer Amazon.

For the titles of Micron Technology, on the other hand, there was a marked downward trend after a stronger trade start. At the end of the day, it traded more than 4 percent below the previous day’s closing price. The semiconductor group had published figures for the third quarter, which was better than expected by the market. Traders took the stock exchange rule “sell on good news”. They pointed to the fact that the Micron papers raised more the 45 percent in the first six months of this year.


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