NEW YORK (dpa-AFX) – The US stock markets continued their rally from the previous day at a slower pace on Friday. Thanks to the current euphoria surrounding the topic of artificial intelligence, the most important stock market barometers reached further record highs. The enthusiasm had been triggered the day before by the semiconductor company NVIDIA with its enormous growth. On Friday, the graphics card and processor provider became the first semiconductor company to reach a valuation of over $2 trillion. However, at the close of trading it was below this mark again.
The Dow Jones Industrial (Dow Jones 30 Industrial) rose to a record high of 39,282 points in early business. Shortly afterwards, the world’s most popular stock market barometer crumbled again, barely moved as trading continued and closed 0.16 percent higher at 39,131.53 points. This resulted in a weekly gain of around 1.3 percent for the US leading index.
The S&P 500 also reached a record high and ultimately gained 0.03 percent to 5088.80 points. The technology-heavy selection index NASDAQ 100 also initially climbed to a high, but turned negative due to profit-taking and ultimately fell by 0.37 percent to 17,937.61 points. The day before, the Nasdaq 100 had gained more than three percent.
The Nvidia shares initially continued their recent record run and rose by another five percent to a record high of $823.94. This made them the fourth company in the world to break the $2 trillion mark in market value. Shortly afterwards, however, they crumbled and ended up only 0.4 percent higher at $788.17. On Thursday, shares soared by around 16 percent following the chip company’s strong business figures.
The shares of Intuitive Machines (Intuitive Machines A) rose by almost 16 percent. The company’s “Nova-C” lander touched down in the southern region of the moon on Friday night. This is the first time in the history of space travel that a commercial mission has successfully landed on Earth’s satellite.
The used car platform Carvana convinced investors with its profit figures. Here the shares jumped by 32 percent.
The payment service provider Block Inc (formerly Square) (Block (ex Square)) increased its earnings target for the current financial year. This gave the shares an increase of a good 16 percent.
In contrast, the shares of Booking Holdings (Booking) fell by 10.2 percent after the presentation of business figures. The online travel agency is currently feeling headwinds from the Middle East conflict.
The euro was trading at $1.0822 at the close on Wall Street. The European Central Bank had set the reference rate at 1.0834 (Thursday: 1.0844) dollars. The dollar therefore cost 0.9230 (0.9221) euros.
On the US bond market, the futures contract for ten-year government bonds (T-Note Future) rose by 0.40 percent to 109.91 points. In return, the return fell to 4.25 percent. At times it had risen a little higher and had reached its highest level in almost three months./he/edh/he