New York (dpa-AFX)-The view of another relaxation in the trade conflict instincted by the United States put investors at the US stock markets on Thursday. However, the buoyancy was slowed down in late trading. Market observers referred to a message that US President Donald Trump is pushing for higher taxes for the richest Americans.
The Dow Jones Industrial has risen to the highest level since the beginning of April and overcame the exponential 200-day line, which is seen as an indicator of the long-term trend. In the late trade, the leading index halved its profit at the daily high and closed with an increase of 0.62 percent at 41,368.45 points. The S&P 500 market width rose by 0.58 percent to 5,663.94 points. For the technology -heavy Nasdaq 100, it was 0.98 percent to 20,063.57 points.
As reported by the Bloomberg news agency, citing insiders, President Donald Trump urges legislators to increase tax rates for the wealthiest Americans in order to compensate for other cuts in his business package. The President’s proposal provides for the introduction of a new tax class of 39.6 percent for individuals with an income of at least $ 2.5 million or for couples with an income of $ 5 million. The current top tax rate for private individuals is 37 percent.
According to US President Donald Trump, the United States and Great Britain have agreed on a trading pact. He also wanted to make an agreement with the EU, said Trump – regardless of the threatening backdrop from the Brussels, which reserves the right to duties on US exports worth almost 100 billion euros. In addition, the news supported that the Trump government will not let the restrictions decided under predecessor Joe Biden for the export of technology with reference to artificial intelligence (AI).
There are no more positive characters in the pre-day topic of China relaxation. Trump rejects a reduction in tariffs of 145 percent to Chinese goods before the first conversations with Beijing this weekend. The fact that the two trading controllers talk to each other in high ranking had caused price gains again the day before after a weak start to the week.
As the magazine “Politico” reports, the comparatively high costs for medical treatments in the United States should be back on Trump’s current agenda. This put the shares of Merck & Co (Merck), Eli Lilly and Amgen under pressure. They lost between 1.4 and 3.3 percent.
In contrast, values with reference to cryptocurrencies were asked after the Bitcoin had once again skipped the $ 100,000 mark since February. The papers of the Coinbase trading platform won 5.1 percent.
Boeing’s shares reacted with a course jump to the news of the trading pact between the USA and Great Britain. As part of the agreement, the Kingdom is to import Boeing aircraft worth $ 10 billion. The message also supported that China Airlines ordered 14 Boeing planes. The aircraft builders’ papers have risen to the highest level since the end of July 2024 and ended as a Dow leader with a price gain of 3.3 percent.
Applovine’s stocks (Applovin A) jumped up by almost 12 percent. The provider of services for app providers convinced in the past quarter with numbers and outlook. Fortinet, provider of IT security, did not work. The titles rushed down by more than 8 percent.
For Carvana’s share certificates, it was a good 10 percent after the online use car dealer doubled his profit in the first quarter thanks to a record sales ./Edh/he