SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

IT company wins on the stock exchange in the USA

» Published: Today, 22:06

IT company wins on the stock exchange in the USA
Photo: Richard Drew/AP/TT

The pillars pointed mostly upwards on the stock exchanges in New York on the first day of the trading week. The broad S&P 500 index rose 0.4 percent and the technology-heavy Nasdaq composite index gained 1.2 percent, while the Dow Jones industrial index fell 0.3 percent.

The cryptocurrency bitcoin was valued at around 107,000 dollars on Monday – compared to around 44,000 dollars at the beginning of the year. But the stock of the IT company Micro Strategy, which has made large investments in bitcoin, closed unchanged. The company, whose market value has sextupled this year, will soon be among the 100 largest in the Nasdaq index.

A big winner was the chip manufacturer Broadcom. The stock surged 11.2 percent since the company presented a quarterly result last week that was better than analysts had predicted. The Nvidia competitor also expects higher revenue next year than previously forecast.

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

More news

Softbank Aims for New Gigantic Investment in the USA
1 MIN READ

Softbank Aims for New Gigantic Investment in the USA

New Historic Price Ceiling for Cocoa
1 MIN READ

New Historic Price Ceiling for Cocoa

Increased prices on gasoline and diesel
1 MIN READ

Increased prices on gasoline and diesel

The electricity price rises slightly – but no new price ceiling
1 MIN READ

The electricity price rises slightly – but no new price ceiling

No German Meeting for Busch in Brussels
2 MIN READ

No German Meeting for Busch in Brussels

ECB: Further Rate Cuts Await
1 MIN READ

ECB: Further Rate Cuts Await

New round of crisis figures from European industry
2 MIN READ

New round of crisis figures from European industry

Bitcoin reaches new high level
1 MIN READ

Bitcoin reaches new high level

Novo Nordisk builds new factory in Odense
1 MIN READ

Novo Nordisk builds new factory in Odense

Mortgage rates lowered ahead of Riksbank's interest rate decision
1 MIN READ

Mortgage rates lowered ahead of Riksbank's interest rate decision

These are the municipalities that raise taxes next year
3 MIN READ

These are the municipalities that raise taxes next year

Factory companies weighed down the stock market
2 MIN READ

Factory companies weighed down the stock market

Down on Asian Exchanges – China Disappoints
1 MIN READ

Down on Asian Exchanges – China Disappoints

Distribution Party on the Stock Exchange - "Must Be a Record"
2 MIN READ

Distribution Party on the Stock Exchange - "Must Be a Record"

Consumption falters in China
1 MIN READ

Consumption falters in China

Czech Billionaire to Buy Royal Mail
1 MIN READ

Czech Billionaire to Buy Royal Mail

Northvolt Expected to Make Billion-Dollar Deficit
1 MIN READ

Northvolt Expected to Make Billion-Dollar Deficit

Busch Rejects Experts' Nuclear Power Criticism
1 MIN READ

Busch Rejects Experts' Nuclear Power Criticism

The longest price increase for bitcoin in three years
1 MIN READ

The longest price increase for bitcoin in three years

Highest electricity price in two years – now it's turning
2 MIN READ

Highest electricity price in two years – now it's turning