ROUNDUP / New York Stocks End: Sluggish In The Weekend – Microsoft To Record High ()



[ad_1]

NEW YORK – (dpa-AFX) – The US stock market dragged the weekend without worries

The Dow Jones Industrial Friday at just over 25,000 points on the spot. In the end, the leading index ended the day with less 0.03 percent at 25,058.12 points virtually unchanged. Microsoft stocks, which hit a record high after big quarterly figures of the software giant, caused a sensation

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 over the entire market yielded 0.09% to 2801.83 meters. The Nasdaq 100 technology index closed with a decline of 0.03% to 7350.23 points also hardly changed.

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 was up 3.79% after the conglomerate had done better in the previous quarter than expected and increased its annual targets. Schlumberger papers declined after initial gains. The global supplier of oil production equipment forecast double-digit percentage growth of international activity

The icon of the US General Electric Industry ( GE) earned significantly less in the second quarter than in the same period last year. Investment Bank JPMorgan complained that GE had missed profit forecasts in traditional industrial activity. GE's shares slid by 4.44%

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 has risen sharply, he noted for the last time at the end of the New York foreign exchange business at $ 1,1728. The European Central Bank (ECB) had previously set the reference price at 1.1670 (Thursday: 1.1588) dollars. The dollar had cost 0.8569 (0.8630) euros / bek / he

— By Benjamin Krieger, dpa-AFX —

[ad_2]
Source link