2024-07-15 17:50:27
NEW YORK (AWP International) – The pursuit of records on the US stock market continues. After the records before the weekend, first the Dow Jones Industrial and then the S&P 500 reached records on Monday. Recently, however, the leading index only claimed an increase of 0.38 percent to 40,153.24 points, while the market-wide stock market barometer rose 0.27 percent to 5,630.49 points. Meanwhile, the Nasdaq 100 remained below its peak reached a few days ago. The tech-heavy select index gained another 0.25 percent to 20,382.50 points.
Investors’ willingness to support purchases continues to be driven by the prospect of lower interest rates. The assassination attempt on former Republican United States President and presidential candidate Donald Trump was widely discussed in market commentary over the weekend. But this had only a limited impact on the stock market itself, one trader wrote.
However, one clear beneficiary of the attack was Trump’s company, Trump Media & Technology, which centers on the politician’s online network Truth Social: shares jumped 30 percent. Trump can also be happy that a criminal case against him for illegally storing sensitive information from his time in office has been dropped – shortly before his official election as a presidential candidate, which is likely to be a formality. Trump also wants to announce this Monday who he has chosen as his running mate for the November election.
Goldman Sachs shares continued their record high on Monday according to business figures. Recently they demanded an increase of 1.6 per cent. The investment bank earned more than expected in the second quarter thanks to good business on the financial markets. But in many cases it was no longer able to match the strong results from the first quarter of the year.
At Apple, shareholders were able to enjoy a record thanks to positive analyst statements. With an increase of 1.7 percent to $234.56, the technology group’s stocks were among the biggest winners in the Dow. US bank Morgan Stanley announced that the stock was one of its favorites, and investment house Loop Capital set the highest price target on the market so far at $300. In the Nasdaq 100, Tesla continued to recover from the latest downturn with a 4.3 percent price increase.
Despite the good news, BlackRock only saw a price increase of 0.5 percent. The asset manager recorded a record level of funds invested with it in the second quarter. However, this does not seem to have given any positive impetus to the stocks which have performed strongly recently.
Macy’s shareholders had to contend with a share price slide of up to nearly 16 percent, which was the biggest daily loss in four years. Recently, the shares lost 12.2 percent. A media report claimed that the department store operator had ended negotiations with potential buyers of the company. A week and a half ago, the financial investors Arkhouse Management and Brigade Capital Management raised their joint purchase offer.
New York-listed Solaredge shares celebrated their recovery since the start of the month: They lost 13.4 percent after the solar company announced it would cut hundreds of additional jobs./gl/he
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