Friday 10th December 2021
Apple at nearly three trillion
US investors are coping well with record inflation
The dire fears are not being fulfilled: although inflation in the USA is rising to the highest level in 40 years, it is not exceeding expectations dramatically. Meanwhile, Apple continues to grow and faces a big brand.
Despite US inflation as high as it has been in nearly 40 years, Wall Street investors haven’t been discouraged. the Dow Jones Index the standard value climbed 0.6 percent to 35,971 points. The broader one S&P 500 rose 1.0 percent to 4712 meters. The index of the technology exchange Nasdaq gained 0.7 percent to 15,630 points.
With a inflation rate From 6.8 percent in November, the US has overshot the Federal Reserve’s target of 2.0 percent by miles. “The stock exchanges are rising, however, because the numbers were pretty much in line with expectations and not exceeded dramatically as feared,” said Thomas Hayes, executive member of the asset manager Great Hill Capital in New York.
Investors have “pretty well accepted” the fact that the US Federal Reserve will accelerate the pace of curbing bond purchases. Many experts believe that a decision will be taken at the Fed’s monetary policy meeting on Wednesday to accelerate the reduction in bond purchases. “It paves the way for key rate hikes in the second half of 2022,” said economist Bastian Hepperle from Bankhaus Lampe.
Apple is heading towards the three trillion mark
The dollar index, which reflects the rate of the greenback against major currencies, fell slightly after the inflation data. That got that Gold price Tailwind that rose 0.4 percent to $ 1,782.83 a troy ounce.
In the US stock market, the stocks came from Apple getting closer to the $ 3 trillion mark in market value. The electronics company’s stocks rose to a record high of $ 179.45. Other technology stocks like Microsoft or Nvidia attracted. Study data from Moderna An mRNA-based flu vaccine, on the other hand, was not well received by investors. The shares slide 5.6 percent. The initial results apparently indicated that the vaccine was not effective enough to gain an advantage over the already approved flu vaccines. This applies particularly to the elderly.
Steered with a price increase of 15.6 percent Oracle on the other hand, towards its best trading day in a year and a half. The enterprise software manufacturer raised its profit and revenue forecast for the current quarter because companies are spending more money on technology. Papers from Broadcom gained 8.3 percent. The semiconductor company expects sales in the first quarter to have exceeded market participants’ expectations. A US $ 10 billion share buyback program is also planned.