Wall Street’s S&P 500 index was up 0.6 percent on Friday after five, Finnish time, the Dow Jones was up 0.4 percent and the techno-oriented Nasdaq 100 index was up 0.9 percent.
Technology companies were broadly on the rise. For example, a semiconductor manufacturer Nvidia kiri to a 3.7 percent increase, AMD to an increase of 1.4 percent and Microsoft to an increase of 0.8 percent.
On Thursday, the electric car manufacturer took a hit from lower-than-expected sales figures Tesla also opened for a rise, although the rise folded a little after five. At the time of the review, Tesla’s share was up 1.6 percent.
U.S. utilities, especially energy infrastructure operators, were broadly higher. Electric company View was at the top of the S&P 500 index at the time of the review, with a 5.1 percent increase. They came after NRG Energy (+4.5 %) and Constellation Energy (+4,1 %).
The outlook for industry is strengthening
The US industrial ISM index, published at 5 Finland time, fell from December to 49.3 points, while the forecast compiled by Bloomberg expected an average of 48.2 points. In November, the index was at 48.2 points.
ISM’s Prices Paid index, which measures the views of the manufacturing industry on the costs of raw materials and production inputs, reached 52.5 points. The index was expected to rise to 51.8 points from the previous month’s 50.3 points.
The increased reading of the Prices Paid index therefore suggests that production costs have risen from the previous month, due to possible inflationary pressures.
After the indices were announced, all sectors of the S&P 500 index were on the rise, i.e. at least half of the companies in each sector were in the red.
Source: www.arvopaperi.fi
