IT company wins on the stock exchange in the USA

» Published: December 16 2024

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

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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.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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