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IT company winner on the stock exchange in the USA

Published: 10 July 2024
IT company winner on the stock exchange in the USA
Photo: Mark Lennihan/AP/TT

Leading indexes on the American stock exchange continued upwards on Wednesday to new record levels.

The broad S&P 500 index rose 1.0 percent and thus reached a new high for the 37th time this year. The Dow Jones industrial index increased 1.1 percent and the technology-heavy Nasdaq composite index lifted 1.2 percent.

It was the IT companies that led the rise, among them the semiconductor giant Taiwan Semiconductor, whose Wall Street-listed share rose 0.5 percent. The company, which among other things supplies chip-heavy Nvidia, reported a report showing that June sales increased nearly 33 percent compared to the same month last year.

The interest rate on the 10-year government bond fell simultaneously to 4.28 percent from 4.30 percent late on Tuesday. This can be compared to 4.70 percent in April.

Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

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