American stock indices rise on Thursday following a worldwide rally against rise in prices for raw materials, positive stats and maintain yields at record low levels.
The Dow Jones Industrial Average updated intraday record for the first time in history exceeded the mark of 25,000 points.
The renewed decline in the dollar against the Euro also supported the growth of the stock market.
The number of jobs in the US private sector rose in December for 250 thousand, after rising to 185 thousand in November, announced Thursday a branch organization ADP. Analysts on average had expected a rise to 190 thousand from December’s employment growth was the fastest in nine months.
The number of Americans who first applied for unemployment benefits last week unexpectedly increased to 250 thousand, while experts expected an average reduction increased by 5 thousand to 240 thousand.
The market value of Telecom operator Sprint Corp. fell 6%. The company announced the appointment of former CEO of Altice and Michel Combes President and Treasurer. He will begin his duties on January 6. Combs worked as the CEO of Altice for about a year and left the company in November, as the shareholders were concerned about the worsening profit forecasts.
Intel shares continue to get cheaper because of information about vulnerabilities Meltdown and the Spectre, and reports that CEO Brian Krzanich earned about $25 million by selling shares when he became aware of the problem. On Thursday, Intel lost 4.5 percent. However, the price of rival Advanced Micro Devices Inc. (AMD) jumped 6.5%.
Quotes of the securities of Tesla Inc. fell by 2.3%. Delivery sedan Model 3 in the fourth quarter was weaker than market expectations, and Tesla has pushed back at full production capacity this model for three months, until the end of the first half.
The Dow Jones Industrial Average to 17:50 GMT on 4 January increased by 105,79 points (0.42 percent) and amounted to 25028,47 points.
Standard & Poor’s 500 rose by 9.04 (0,33%) – to 2722,10 points.
The Nasdaq Composite index rose 12.34 points (0,18%) – to 7077,87 points.