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NEW YORK – (dpa-AFX) – The US stock market dragged the weekend without worries
The Dow Jones Industrial
The hateful statements of US President Donald Trump to the European Union and China have not weighed on prices, but nevertheless slowed the upward push. In the trade dispute with China, Trump reaffirmed its willingness to levy special taxes on all imports. In addition, he made allegations of handling the currency at the address of China and the European Union to swirl on the financial markets. In European stock markets, Trump's statements led to price losses
. The dynamism of Wall Street is also mitigated: the Dow Jones has recorded only a slight gain of 0.16% on a weekly basis. In the previous week, the stock market barometer rose 2.3%.
The S & P 500
After a strong fourth quarter of the 2017/18 fiscal year, Microsoft's shares placed themselves at the top of the Dow. They rose 1.79% to a record $ 108.20 early in the session. Thanks to a flourishing cloud activity, the software giant has significantly increased sales and profits and exceeded expectations. Analysts have raised the price targets for the stock to an equal extent. Expert Mark Moerdler of the Bernstein Investment House spoke of "the strength of all sectors".
Honeywell
The icon of the US General Electric Industry
Fractional fantasy increased GlaxoSmithKline's deposit receipts by almost 3%. According to a press article, the chairman of the board of directors, Philip Hampton, spoke with the largest shareholders of the separation of the company into a pharmaceutical and vaccines division and a consumer goods sector. The pharmaceutical company, however, asserted in a statement to the article earlier statements to stick to the three pillar structure.
State Street Asset Manager's papers dropped after a takeover of more than 7%. The company wants to buy for $ 2.6 billion, the financial services provider Charles River Development. According to one observer, the acquisition would have a strategic significance, but should contribute positively to the results at the earliest in 2020.
In the US bond market, 10-year government bonds fell by 15/32 points to 99 26/32 points for a yield of 2,895%. The price of the euro
— By Benjamin Krieger, dpa-AFX —
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