On the corporate side, the focus was on Walt Disney shares. According to a press report, the entertainment giant is facing a significant austerity program in its Disney-ABC television division. In addition to a renovation, this also included job cuts, as the “Wall Street Journal” reported, citing people familiar with the situation. “Layoffs are likely to cost the company money first,” noted a trader. For the papers, it went down 1.62 percent at the end of the Dow.
The scandal surrounding bogus accounts at Wells Fargo is much larger than initially stated by the major US bank. An investigation showed that around 3.5 million customer accounts could have been opened without authorization, the financial institution announced on Thursday. Wells Fargo had previously given the number as 2.1 million. The course of the big bank fell by 0.55 percent.
In contrast, the winners included stocks from the healthcare industry in particular. The industry index rose 1.7 percent. The course of the health insurer United Health, listed in the Dow, gained 1.5 percent.
Apple rose to a record high for the third day in a row. For the share it went up by 0.40 percent. The record high was $ 164.52. The course has been benefiting from the upcoming presentation and market launch of the new iPhone for weeks. On September 12th, Apple should introduce new products – including, in all likelihood, the iPhone 8.
Dollar General’s shares plummeted 5.43 percent. The department store chain had disappointed with its profit forecast. Campbell Soup’s shares were down 8.06 percent. In the past quarter, the food company fell short of expectations in terms of sales and profits.
Ciena papers fell 10.96 percent. The equipment supplier for the global telecommunications industry had remained below the analysts’ estimates with the sales forecast for the fourth fiscal quarter.
The euro was last at $ 1.1904. On Tuesday it had reached a two and a half year high of $ 1.2070. The European Central Bank (ECB) set the reference rate on Thursday at 1.1825 (Wednesday: 1.1916) dollars. The dollar had thus cost 0.8457 (0.8392) euros.
Around 940 million shares changed hands on the New York Stock Exchange. 2124 values rose, 760 fell and 174 remained unchanged. On the Nasdaq closed with trading of 1.87 billion shares 1997 in plus, 927 in minus and 209 unchanged.
US Treasuries rose. The ten-year bonds improved by 4/32 to 101-04 / 32. They yielded 2.121 percent. The 30 year olds climbed 8/32 to 100-15 / 32 and had a return of 2.727 percent. Traders point to the low inflation data and the continued tense situation around North Korea.