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Continued Upward Trend in the USA

The large indexes on Wall Street continue upwards, with yet another good trading day for the large technology companies. Google's owner Alphabet climbed 2.2 percent.

» Updated: 26 September 2024, 17:21

» Published: 12 September 2024

Continued Upward Trend in the USA
Photo: Peter Morgan/AP/TT

Nasdaq's composite index and S&P 500 continue on the winning track, with increases on all trading days this week. At the close on Thursday, the former index had increased by 1.0 percent, while S&P 500 had risen by 0.8 percent. Even the industrially weighted Dow Jones continues to rise, closing at a plus of 0.6 percent.

Several of the major technology companies' shares saw a good development during the day. Microsoft increased by 0.9 percent, while the semiconductor company Nvidia followed up Wednesday's giant leap upwards by increasing by 1.9 percent.

Google owner Alphabet has been in a period characterized by declines since last summer. On Thursday, however, the share increased by 2.2 percent.

It went worse for the pharmaceutical company Moderna, which lost as much as 12.4 percent. Nor did the industry colleague Pfizer have a particularly good trading day, with a loss of 1.7 percent.

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By TTThis article has been altered and translated by Sweden Herald

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