Not much is missing and tech company Apple breaks the next record on Wall Street. The iPhone maker is heading for an enterprise value of two trillion dollars. At least on the technology-heavy Nasdaq, this creates a positive atmosphere.
A rise in the price of the iPhone manufacturer Apple has boosted sentiment on the US stock exchanges. The first signs of an upturn in the labor market were also well received by investors. The index of the technology exchange Nasdaq put on Thursday 0.3 percent to 11,042 counters. The broad one S&P 500 was slightly firmer at 3373 points. Of the Dow Jones Index the standard values, however, gave up a little 27,897 points.
Stockbrokers also continue to hope that the presidential office and the Democrats in Congress will agree on a corona aid package, even if the talks are currently stuck in a dead end. "It looks like the market has decided to be bullish," said Dan Eye, chief strategist at Fort Pitt Capital Group. "That fits with how everything is being judged right now – the economic recovery, the business recovery, vaccines."
For the first time since the beginning of the coronavirus crisis in the US, fewer than a million people registered as unemployed in the past week. However, the fact that nationwide unemployment benefits of US $ 600 per week had expired may also have played a role. The subject is also discussed in the talks about an aid package. US President Donald Trump has released additional money by decree, but that is not enough for the Democrats. From February to April, 22 million jobs were lost in the US. So far only 9.3 million of them have been newly created.
The Apple-Papers noted around 1.8 percent firmer. A report that the company is planning a number of subscription models for its digital offerings played a role. In the meantime, only about five US dollars were missing to a market value of two trillion US dollars – there has never been a company with such a high market capitalization.
The papers came under pressure from Cisco with a minus of good eleven percent. The company's outlook for the current quarter fell short of expert expectations. The cinema operator's titles AMC soared by more than 14 percent. The company, which includes the UCI cinemas, wants to show films on the big screen again from August 20th. More than 100 cinemas in the USA should then reopen their doors to film fans.
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