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Apple Rises on Recovering Wall Street After Quarterly Earnings

Tech Benefits Remain Calm on Wall Street

The stock exchanges in New York are closed with a mixed picture, after the strong price losses of a day earlier. Concerns about the trade feud between the United States and China disappeared into the background, and especially technology companies did well. There were also developments in the takeover battle for 21st Century Fox and Starbucks went on sale.

The leading Dow-Jones index closed 0.2 percent lower, the seventh loss in a row, to 24,657.80 points. The more broadly composed S & P 500 rose by 0.2 percent to 2767.32 points. Technology Fair Nasdaq won 0.7 percent at 7781.52 points.

Tech companies seem less susceptible to the trade war between the US and China and were popular on the stock market. Facebook even reached a milestone. The share rose 2.3 percent and was, therefore, worth more than 200 dollars for the first time a few months after the start of the privacy scandal. Microsoft, Amazon, Alphabet and Netflix rose to 2.9 percent.

The battle in the media world on 21st Century Fox (plus 7.5 percent) certainly seems in favor of Walt Disney, which rose 1 percent. Fox has agreed to an increased bid of $ 71 billion from Disney. Also, the fact that Disney is reportedly close to approval by a regulator gives an edge on a rival bid by cable giant Comcast (plus 1.8 percent).

The Starbucks coffee chain came out with a cautious prognosis for the comparable store sales growth in the current quarter and is closing branches. However, Starbucks will distribute more money to the shareholders through dividend and the purchase of shares. Starbucks received a discount on the trousers and delivered more than 9 percent.

Oracle lost 7.5 percent. The manufacturer of business software saw its results improve over the past period. The profit forecast for the current quarter, however, disappointed. Packet transporter FedEx saw its profit and turnover rise but dropped 2.7 percent.

Investors also processed the news that, after more than a century, GE is losing its place in the Dow Jones index to the Walgreens Boots Alliance drug store (plus 5.3 percent). GE fell 0.5 percent.

A barrel of American oil cost 1.8 percent more at 66.22 dollars. Brent oil fell 1 percent in price to $ 74.33 per barrel. The euro was worth $ 1.1580, against $ 1.1588 earlier in the day at the close of the European stock exchanges.

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