The US equity market has left the gap from the start of the year after more than half a year. The fear of excessive stock valuations and the international trade conflict …
NEW YORK (dpa-AFX) – The US equity market has eroded the gap from the start of the year after more than half a year. The fear of excessive stock valuations and the international trade conflict seem – at least for the time being – forgotten. The main American index for professional investors – the market-wide S & P 500 – climbed to a record high of 2873 points on Tuesday. At the end there was an increase from 0.21 percent to 2862.96 points. He has won 13 percent since the low point in February.
The Dow Jones Industrial (Dow Jones Industrial 30) increased by 0.25 percent to 25,822.29 on Tuesday and the NASDAQ 100, technology-based, gained 0.35 percent to 7,397.23.
Given the strong growth of the US economy and the generally good reporting season for companies in the second quarter, investors now feel more at ease with the valuation level, a trader said. They also relied on the success of US-China talks this week about tariff disputes.
Experts from the Swiss bank Credit Suisse are now expecting nervousness in the market, but continue to advise on the consideration of shares. Ultimately, an agreement between the US and China is very likely.
At the top of the Dow Jones, the shares of the chip company Intel recovered with almost two and a half per cent after their recent price losses. The shares of the competitor AMD (Advanced Micro Devices (AMD)) rose by more than 2 percent.
A recommendation from Bank of America Merrill Lynch provided the papers of the AT & T telecom group at the back. They gained 0.85 percent. Honeywell (Honeywell International) also benefited from a positive comment from analysts. The conglomerate's shares rose 0.97% after the Overweight & # 39; credit of Bank Morgan Stanley.
Tesla shares recovered further and increased by more than 4 percent. Traders pointed to heated speculation about a theoretically conceivable interest from Apple in the electric car manufacturer. In addition, the American bank morning Stanley suspended stock valuation for Tesla, which is interpreted as a signal of a consultancy activity in the company's mental games fairs. Some investors can therefore continue to bet on a lucrative exit premium if the considerations become real. Investment banks usually suspend unit research per unit when advising relevant groups on transactions.
The perfume and cosmetic manufacturer Coty (Coty A) was disappointed with the sales figures. The paper dropped by more than 7 percent.
The US dollar came under pressure after the American president Donald Trump critical of the tightening of the monetary policy of the Fed. The euro rose in exchange for the last $ 1.1572. The European Central Bank (ECB) had set the reference exchange rate at 1,1502 (Monday: 1.1420) dollars. The dollar had cost 0.8694 (0.8757) euros.
On the American bond market, ten-year government bond yields fell by 6/32 points to 100 9/32 points. Their return was 2.84 percent./mis/he