Wall Street’s key stock market indices started to rise on Thursday. At the time of review, the S&P 500 was up 0.2 percent. In addition to technology companies, the index was driven up by, for example, traditional industry and the real estate sector.
Dow Jones up 0.4 percent and the technology-focused Nasdaq 100 index up 0.5 percent. The Russell 2000 index, a broad index consisting of smaller listed companies, which has been on a strong rise in recent days, was up 0.3 percent.
In the United States, among other things, the Philadelphia Fed’s Business Outlook index, which describes the activity of the manufacturing industry in the northeastern states of the United States, was published on Thursday. The index jumped to 13.9 points, when it was expected to be 2.9. The previous month’s reading was 1.3.
The global semiconductor market was swayed at the beginning of the week by news of possible new export restrictions by the United States and uncertainty about what kind of consequences the US presidential election might have on, for example, Taiwan, where a significant share of the world’s microchips are manufactured.
Taiwanese TSMC, which is the world’s largest contract manufacturer of semiconductors, raised its guidance for the current year’s turnover on Thursday. The hilarity was visible on Wall Street, where the star stock of the semiconductor sector Nvidia was up by 2.5 percent.
Among those who counted on Thursday were many companies in the pharmaceutical industry, among others Eli Lilly & Co (-2.6%). Companies competing for diet pills also fell the previous day after a Swiss drug company Roche reports positive results from his own studies.
Source: www.arvopaperi.fi
