NEW YORK (dpa-AFX) – The US stock markets continued their record rally on Wednesday. The leading index Dow Jones Industrial, the market-wide S&P 500 and the most important technology indices reached all-time highs. In an environment that continues to be favorable for stocks, the chip manufacturer NVIDIA was able to break the five trillion US dollar mark in market value for the first time, which also ensured a good mood on the market as a whole.
The Dow recently rose by 0.47 percent to 47,931 points. The S&P 500 gained 0.24 percent to 6,908 points. The technology-strong selection index NASDAQ 100 rose by 0.46 percent to 26,133 points. The Nasdaq Composite (NASDAQ Composite Index), which includes more values, rose by 0.61 percent to 23,972 points.
Nvidia shares recently gained a good four percent among the best values in the Dow. The shares are soaring because the company plays a key role in the current boom around artificial intelligence.
At the top of the index, Caterpillar shares shot up by more than 13 percent. The construction equipment specialist benefited from strong demand for energy equipment in the third quarter.
Verizon shares were also in high demand, rising by a good two percent. The tough competition continues to cause problems for the telecommunications group, but the profit was still a positive surprise. The outlook was also confirmed.
At the end of the Dow, Boeing lost almost three percent. As expected, the ailing aircraft manufacturer has to postpone the delivery of its 777X wide-body jet again and is recording another billion-dollar loss as a result.
As the bottom performer in the S&P, Fiserv’s shares fell by almost 43 percent. The provider of software and payment services for financial institutions had cut its profit forecast and announced a comprehensive restructuring of the management and control committee.
Otherwise, investors waited for the central bank’s interest rate decision and the business figures of important technology companies during trading. Microsoft, Alphabet (Alphabet A (ex Google)) and Meta