US stock market continues Rally: Record highs and double-digit price gains thanks to weak US producer prices

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Von: Krypto News Österreich

Die Rally am US-Aktienmarkt setzt sich am Donnerstag fort. Die drei wichtigsten US-Indizes verzeichnen durchweg positive Entwicklungen. Einzelne Aktien weisen zweistellige Kursgewinne oder erreichen neue Rekordhochs aufgrund nachlassender Sorgen über höhere Zinsen dank schwacher US-Erzeugerpreise auf. Nachdem die US-Verbraucherpreise gezeigt hatten, dass die Inflationsrate auf ein Zweijahrestief gesunken ist, bestätigten die US-Erzeugerpreise nun diesen Trend. Im Vergleich zum Vorjahresmonat stiegen sie nur um 0,1 Prozent, während Ökonomen im Schnitt 0,4 Prozent erwartet hatten. Diese Preisdaten dämpfen die Spekulationen auf weiter steigende US-Leitzinsen. Experten gehen zwar davon aus, dass Ende Juli eine Zinserhöhung um 0,25 Prozentpunkte so gut wie sicher ist, …
The rally on the US stock market continues on Thursday. The three most important US indices are consistently positive developments. Individual shares show double-digit price gains or reach new record highs due to declining concerns about higher interest rates thanks to weak US generator prices. After the US consumer prices had shown that the inflation rate has dropped to a two-year low, the US producer prices have now confirmed this trend. Compared to the same month last year, they only rose by 0.1 percent, while economists had expected an average of 0.4 percent. These price data dampen speculations on the increasing US control interest. Experts assume that at the end of July an rate increase of 0.25 percentage points is as good as safe ... (Symbolbild/KNAT)

The rally on the US stock market continues on Thursday. The three most important US indices are consistently positive developments. Individual shares have double-digit price gains or reach new record highs due to declining concerns about higher interest rates thanks to weak US generator prices.

After the US consumer prices had shown that the inflation rate has dropped to a two-year low, the US generator prices have now confirmed this trend. Compared to the same month last year, they only rose by 0.1 percent, while economists had expected an average of 0.4 percent. These price data dampen speculations on the increasing US control interest. Experts assume that an rate increase of 0.25 percentage points is as good as certain at the end of July, but the forecasts for further increasing this year are becoming increasingly uncertain.

The New York guiding index Dow Jones increased by 0.15 percent to 34,399 points. The S&P 500 market width rose 0.66 percent to 4,501 points. The Nasdaq 100 attracted 1.44 percent to 15,527 points and reached the level of January 2022. Tech shares in particular benefited from the currently falling returns on the bond market. As a result, the high profits of the technology companies will currently be rated higher again in the distant future.

The quarterly report season slowly absorbs speed. The beverage company Pepsico sees optimistic for 2023. As early as the first quarter, the management had raised its annual outlook and after the half -year report was presented, the goals were screwed up again. The second quarter was better than expected from the analysts. The Pepsico shares increased by 1.8 percent.

The Walt Disney boss Bob Iger, who has returned from retirement, has been given more time to get the entertainment giant back on course. His contract was extended by two more years until the end of 2026. At the same time, the search for a successor continues to be a priority. The Disney papers in the Dow Jones fluctuated for their day before and recently noted 0.5 percent.

In addition, the cryptocurrency ripple rose by around 70 percent after a court ruling found that the cryptocurrency, contrary to the SEC's view, cannot be regarded as a security.

The Nikola share also increased by 60 percent and benefited from two good news.

The Nvidia share reached a new record high at $ 456.29. Nevertheless, analysts continue to see upward potential.

So it remains exciting on the stock exchange.

with material from dpa-Afx.

Reference to conflicts of interest:
The CEO and majority owner of the publisher Börsenmedien AG, Mr. Bernd Förtsch, is directly and indirectly invested in positions that can benefit from the course development mentioned in this publication: nvidia.