New all-time highs for Dow Jones and S&P 500

Wall Street ended Thursday with slight advances. The Dow Jone and the selective S&P 500 once again recorded new all-time highs for the third consecutive day.

The S&P 500 added 0.30% or 13.13 points, to 4,460 points.

The Dow Jones gained 0.04% or 14.88 points, to 35,499 points.

The Nasdaq gained 0.35% or 51.13 points, to 14,816 points.

Wall street increased gains even though advances were generally modest. Healthcare, technology, and communications companies expanded the most during the session.

On the other hand, energy, industrial, raw materials, and essential goods sectors ended red.

According to Wells Fargo analysts, investors assessed a new round of data on inflation and the labor market in the United States.

The Ministry of Labor announced a decrease in new claims for unemployment benefits to 375,000, better than analysts’ forecasts.

The producer price index rose by 1% on the month versus 0.5% in June and 0.6% for the estimates. The markets seem to ignore this figure, and technology stocks pulled the market.

Several companies announced their quarterly results

A series of companies announced their quarterly results after the close. Disney climbed by 5.36% after the closing bell at $188.90 as the number of subscribers to its streaming service Disney+ exceeded expectations at 116 million.

Airbnb, which ended with a rise of 2.02% pending its results, dropped by 3.26% in post-market trading. Its 2nd quarter bookings jumped by 37% compared to the same period two years ago before the pandemic, surpassing analysts’ expectations. However, the group recognizes that the Delta variant will continue to affect travel.

The DoorDash food delivery company dropped by 3.58% after the close. Despite almost doubling its sales in the second quarter, the group recorded a more extensive loss than expected.

Among the thirty Dow Jones stocks, the advance of the technological companies stood out. Salesforce surged by 2.52%, Apple added 2.08%, and Microsoft gained 1%. Meanwhile, the credit card giants were the biggest losers. Visa and American Express both lost 1.26%.

Nikkei continues to fall slightly

Nikkei, the main index of the Tokyo Stock Exchange, declined slightly today due to concerns about the continued rise of the virus in Japan and the good business results of domestic companies.

Nikkei dropped by 0.14% or 37.87 points to 27,977.15. At the same time, the Topix increased by 0.15% or 2.84 units to 1,956.39.

The Nikkei opened higher after the record earnings by the Dow Jones in the US. However, the stock market index wavered at the end between positive and negative territory.

The increase in COVID-19 infections in Japan generates concern among investors due to its potential economic impact. Still, Japanese companies posted positive corporate results and shifted the mood.

By industry, oil and coal products, air transportation, and land transportation had the highest rate of decline. On the other hand, the steel, service, and information and communications industries posted the most considerable increase.

Tokyo Electron, the manufacturer of components for semiconductors, decreased the most, yielding 1.85%. Meanwhile, the airline ANA slipped by 1.7%, and the railway operator Odakyu lost 1.6%.

The sectors with the largest losses were oil and coal and air transport, while steel and metal and services led the gains.

Kospi marked the 7th day of losses

A slump in Korean technology companies weighed on Kospi today. It slipped by losing 1.16% or 37.09 points to 3,171.29. Meanwhile, the Kosdaq technological index shed 1.26% or 13.31 points to 1,040.78.

As anxieties about the semiconductor industry emerged, foreigners sold the large semiconductor industry.

In recent days, foreign investors have been increasingly tightening their portfolios due to the prospects that the price of memory chips will drop at the end of the year. Foreigners sold 2.6 trillion won worth of stocks because of anxiety, leading the index down.

Samsung Electronics fell by 3.38% to record an annual low, and the index closed with a loss for seven consecutive trading days.

Samsung Biologics gained 1.13%, but its competitor Celltrion decreased by 2.13%.

Naver, the largest South Korean internet search engine owner, fell by 0.91% today. Meanwhile, Kakao, the operator of the most popular messaging application in the country, shed 1.02%.

Hyundai Motor, the country’s leading carmaker, lost 0.91%.

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