New York Stocks Close: Tech Mood Better Again – Dow Strong in July | new



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Also the shares of technology companies began to recover after their losses last days on Tuesday. Thus, the Nasdaq 100 closed up 0.54% to 7231.98 points. The broad-based S & P 500 rose 0.49% to 2816.29 points.

Squeezing the market, circles said that the United States and China want to resume trade talks. In addition, the Pfizer Pharmaceutical Heavyweight business numbers have arrived. Economic data such as the Chicago Purchasing Managers' Index and the Consumer Confidence Conference Board were better than expected by experts.

After the market closes, the figures for the Apple iPhone maker still have to be published. If the company convinces investors, the stock market value of tech giants could soon reach the magic mark of a trillion US dollars. Tuesday, Apple's stock rose 0.20% to 190.29 dollars. At $ 203.45, the market capitalization would have reached $ 1 trillion. Negative surprises such as the latest on Facebook or even Netflix should not exist at Apple, estimates expert Neil Wilson of Markets.com

The technology sector has been under pressure in recent days. The triggers were dropped the user numbers in the Facebook heavyweight and the Twitter short message service. Facebook gained 0.89% on Tuesday. Twitter gained 1.56% after losing more than a quarter of its value in two trading days following disappointing quarterly results. According to Nomura analysts, the risk / risk ratio of Twitter papers now seems more balanced.

Pfizer's quarterly results were surprisingly good. The US bank JPMorgan remained after the conference call to its "overweight" vote. Instead of continuing to buy, after the expiration of the drug Lyrica in the year 2019, Pfizer is likely to focus more on its own growth and is well prepared for that, according to analysts.

Pfizer shares climbed to their highest level at $ 39.99 since 2002, then going to the $ 39.93 rate and a 3.47% increase in trading. In the Dow they were so behind the newspapers of the conglomerate 3M, which gained 3.51%, in second place.

The action of Procter & Gamble rose 0.85%. The largest group of consumer goods in the world had indeed earned less in the last quarter of fiscal 2017/2018. But the numbers turned out better than what the experts had predicted

The euro was trading for the last time at $ 1,1698, roughly the same as in the European afternoon. The European Central Bank (ECB) had previously set the reference price at 1.1736 (Monday: 1.1644). The dollar had cost 0.8521 (0.8559) euros. Ten-year US government bonds advanced 3/32 points to 99 points / 9.3 points, a performance of 2.96%. / Ajx / he

(AWP)

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