Wall Street, Dax: Despite the pandemic, stock exchanges are rushing from record to record
9:13 a.m., March 12, 2021
The price indices on the US stock exchanges closed last night at new record levels. The main reasons for this are surprisingly positive labor market data and the US government’s $ 1.9 trillion aid package.
The Dow Jones and the more broadly positioned S&P 500 rose to light heights. Tech titles in particular were in high demand. Apple and Intel each gained 1.7 percent. Microsoft rose by two percent. On the Nasdaq, however, Tesla rose 4.7 percent. Facebook shares rose by more than three percent.
From record to record in Germany too
The Frankfurt stock exchange index DAX also reached a record high yesterday for the fourth trading day in a row. The new record highs on Wall Street supported the leading German index. He’s currently rushing from high to high.
In the case of the individual stocks, price movements were, as recently, shaped by changing industry preferences. Im currently special volatile technology sector shares rebounded from Infineon in the DAX by more than three and a half percent from the previous day, which had suffered losses. The shares of Corona winners were also in demand this time: Delivery Hero rose by almost four percent as the DAX leader and Hellofresh in the MDAX by around six percent.
Fourth plus day in a row in Vienna
The Vienna Stock Exchange also closed trading on Thursday with renewed growth. The ATX improved by a further 0.44 percent to 3,147.61 points. This was the fourth plus day in a row for the domestic stock market this week. However, the ATX is still a long way from the record (closing) value set in 2007. At that time – before the financial price – the Austro index was 4981.87 points.
Slight sales are expected on the leading European exchanges today, Friday.