SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

IT company wins on the stock exchange in the USA

» Published: 16 December 2024

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

Banker led a broad upswing on Wall Street
1 MIN READ

Banker led a broad upswing on Wall Street

Tiktok may shut down for Americans on Sunday
1 MIN READ

Tiktok may shut down for Americans on Sunday

Unexpectedly Low Core Inflation in the USA
1 MIN READ

Unexpectedly Low Core Inflation in the USA

USA: Mortgage interest rate exceeds 7 percent
1 MIN READ

USA: Mortgage interest rate exceeds 7 percent

Summer Train Malmö-Oslo Launched on a Trial Basis
1 MIN READ

Summer Train Malmö-Oslo Launched on a Trial Basis

USA's banks are doing better than expected
2 MIN READ

USA's banks are doing better than expected

Blackrock: Record in customer investments
1 MIN READ

Blackrock: Record in customer investments

This is how nuclear power will be accelerated
2 MIN READ

This is how nuclear power will be accelerated

Slight increase in European industrial production
1 MIN READ

Slight increase in European industrial production

Ahead of the Davos Meeting: War the Greatest Threat
1 MIN READ

Ahead of the Davos Meeting: War the Greatest Threat

German economy continues to shrink
2 MIN READ

German economy continues to shrink

Thedéen: Likely with another interest rate cut
3 MIN READ

Thedéen: Likely with another interest rate cut

Continued low inflation pressure in France
1 MIN READ

Continued low inflation pressure in France

A Record Number of Tourists Visited Japan in 2024
1 MIN READ

A Record Number of Tourists Visited Japan in 2024

Skandia raises fixed mortgage rates
1 MIN READ

Skandia raises fixed mortgage rates

Two British Interest Rate Cuts in Sight
1 MIN READ

Two British Interest Rate Cuts in Sight

Cheaper Electricity and Gasoline Push Down Inflation
2 MIN READ

Cheaper Electricity and Gasoline Push Down Inflation

Strong Stock Market Rally Following Positive US Figure
1 MIN READ

Strong Stock Market Rally Following Positive US Figure

Housing Construction Recovers
1 MIN READ

Housing Construction Recovers

Highest Unemployment in Three Years
2 MIN READ

Highest Unemployment in Three Years