Economy

Wall Street closes with green price signs | Financial

The Dow Jones index closed 1.4 percent higher at 29,479.81 points. The broad S&P 500 climbed 1.4 percent to 3,585.15 points and the technology gauge Nasdaq gained 0.9 percent to 11,937.84 points.

Walt Disney’s stock rose 2.2 percent. The company ended the quarter with a loss, but the deficit was less than analysts had feared. The presentation of figures showed, among other things, that the Disney + streaming service performed strongly. There was also a cautious recovery at Disney’s theme parks.

Cisco

Cisco advanced more than 7 percent. The outlook outlined by the company, in particular, received approval from investors. Cisco expects that with the economic recovery, the willingness to invest in network equipment will also increase again, including among governments.

Chip supplier Applied Materials was up 4.3 percent thanks to good quarterly results and forecasts.

E-sports and game company DraftKings also came up with better than expected performance. The company further raised its expectations for the full year. That was rewarded with a profit for DraftKings of almost 6 percent.

Consumer confidence

In addition, the University of Michigan announced that, based on preliminary figures, US consumer confidence in the economy fell in November to its lowest level since August. The mood is mainly depressed by the rising number of corona infections in the United States.

The euro was trading at USD 1.1833, compared to USD 1.1823 at the close in Europe. A barrel of US oil fell 1.8 percent in price to $ 40.20. Brent oil became 1.2 percent cheaper at $ 42.78 a barrel.

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