NEW YORK (dpa-AFX) – The US stock exchanges rose in thin trading on Tuesday. The Dow Jones Industrial gained 0.91 percent to 43,297.03 points. The S&P 500, which represents the broad market, rose by 1.10 percent to 6040.04 points. The technology-heavy NASDAQ 100 climbed 1.37 percent to 21,797.65 units.
Market-moving company news was few and far between. There was even less information about the economy. On Christmas Eve, the gates of the New York Stock Exchange closed at 7:00 p.m. CET. On Wednesday they remain completely closed.
Among the few individual stocks moved by news, American Airlines ended up gaining 0.2 percent. In pre-market trading, the airline’s shares temporarily fell sharply after all aircraft had to remain on the ground on the instructions of the US regulatory authority FAA. The background was technical problems at American Airlines on one of the busiest days of the year. The planes are now allowed to take off again.
At the top of the Dow Jones, Walmart gained 2.58 percent. There were apparently hopes among investors here for a successful Christmas business. Amazon rose by 1.77 percent. Credit card companies were also particularly strong. The defensively rated title of the telecommunications group Verizon lost 0.35 percent at the end of the index.
The euro fell and was last quoted at 1.0391 US dollars. The European Central Bank had set the reference rate at 1.0395 (Monday: 1.0393) US dollars and the dollar therefore cost 0.9620 (0.9621) euros.
On the US bond market, the futures contract for ten-year bonds rose by 0.09 percent to 108.56 points. The yield fell to 4.586 percent./he
— By Stefan Heider, dpa-AFX —