Stocks prices of 3D Printing go up when the news of its use in the medical industry hit the market: Proto Labs Inc (NYSE:PRLB), Voxeljet AG (ADR) (NYSE:VJET), ExOne Co (NASDAQ:XONE) and 3D Systems Corporation (NYSE:DDD)

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By Jessica Schultz on July 2, 2014 Technology & Software

When the news of potential 3D printing use in the medical industry hit the market, stock prices of 3D Printing jumped up significantly. According to a report presented by Benzinga, on July 1, 2014, there was considerable raise in the stock prices of 3D Printing companies. The price change ranged from 8 percent elevation to 25 percent elevation for the following companies: Proto Labs Inc (NYSE:PRLB), Voxeljet AG (ADR) (NYSE:VJET), 3D Systems Corporation (NYSE:DDD) and ExOne Co (NASDAQ:XONE).

Where the first half of the year was fine, Wall Street started the second half with high Standard & Poor’s 500 indexes, thus making a whole new record. Stocks of high-octane were not doing so well during the start of the year; however, chances are that their value will keep on increasing in the latter part of the year. The Nasdaq Biotechnology Index was up by 2.1 percent whereas the Nasdaq Internet Index was reported to have added almost 1.4 percent; not only that, but the Russell 2000 Index was recorded to be 0.8 percent.

Talking about the average of Dow Jones Industrial, it went up by 123 points or, in other words, 0.7 percent; it reached to 16950. Moreover, the Standard & Poor 500 index was up by 11 points or, in other words, 0.6 percent. The figures, for the very first time since Thursday, hit the highest numbers for intraday record; the figures reached to 1971. Moreover, 36.30 points were gained by the Composite Index Nasdaq NDAQ, and it reached to a value of 4445.02. Coming to the Standard & Poor’s 500 indexes, there was a record increase of 6.1 percent in the S&P index.

The first day of the second part of the year was not so happening for the market. However, the possibilities of improvements in the U.S economy and the cash flow of investors was enough to keep the market busy and progressive.

According to Wedbush Securities’ equity trading director, Ian Winer, the situation of the market was not very terrific, rather it could be said that the market was doing OK. Ian Winer further commented on the low yield level of bonds.

Moving on, a report submitted by Barron’s indicated that the 3D Printing stocks and robotics stocks, which were not doing so good in the first part of the year, are off to a great start for the second part of the year. Both these stocks are on a move and it seems like they will be able to make up for the first half.

Many analyst firms have run their tests on 3D Printing industry and all of them are of the view that the industry will expand in the next decade or so. According to Wohlers Associates, by the end of 2013, the industry had already expanded to over $3 billion. Whereas, Credit Suisse Group AG (CS) estimated that it will further expand to 20-30 percent during the next 3 years. On the other hand, McKinsey & Co. predicted that the market will reach to $550 billion by the end of 2025.