US stock exchanges remain in record-breaking mood – the price of a Covid vaccine manufacturer halves

The New York Stock Exchange on Wall Street

The New York Stock Exchange is located on the famous street.


(Photo: dpa)

New York, Washington After a record hunt, the US stock exchanges have given up and turned into the red. The US standard value index Dow Jones was down 0.3 percent to 30,321 points by early Tuesday afternoon in New York. The broad S&P 500 lost 0.2 percent to 3729 jobs. The technology-heavy Nasdaq fell 0.3 percent to 12,859 points. All three market barometers had set new records in early trading.

The prospect of government and monetary policy aid to overcome the coronavirus pandemic initially drove the stock exchanges, said Naeem Aslam, chief market analyst at brokerage firm AvaTrade. Wall Street also received support from the approval of the US House of Representatives for the increase in the one-off payments for the unemployed called for by President Donald Trump. Aslam warned, it is unlikely that the Republican-dominated Senate will approve the increase.

Thanks to the mass vaccinations against the corona virus that had started, investors were optimistic about the future, said analyst Christian Henke from brokerage firm IG. “The end of the tunnel is getting closer and closer.” Speculations that AstraZeneca’s coronavirus vaccine will be approved soon fit into this picture. The US-listed shares of the pharmaceutical company rose 1.2 percent.

Wall Street expert Koch: “Rally is on course, but the year is over for market participants”

Look at the individual values

Boeing: A few weeks after the end of the flight ban, a passenger flight with the Boeing 737 Max aircraft will take off again for the first time on Tuesday. American Airlines starts the route from Miami to New York with the plane, which has been technically completely overhauled after two crashes. For Boeing, it is a further step out of the worst crisis in the company’s 100-year history, which was made worse by the corona shock in aviation. Boeing’s shares rise one percent.

Fiat-Chrysler: The automaker plans to invest around $ 2.5 billion in its Tychy, Poland plant, according to Polish Deputy Prime Minister Jaroslaw Gowin. The plant is to be modernized to produce hybrid and electric versions of the Jeep, Fiat and Alfa Romeo models. The share of Fiat Chrysler still loses 0.6 percent.

Arcturus Therapeutics: The San Diego-based biotech company’s shares plummet over 50 percent to below $ 43 after data was released on its vaccine candidate for Covid-19. The group speaks of favorable study results. Barclays however, described the preliminary data as “disappointing” and lowered the rating to “equal weight” from “overweight”. The price target has been reduced from $ 68 to $ 46, reflecting “the lower chances of success and market penetration.”

Intel: Also on the shopping lists Intel with a price increase of 4.4 percent. The activist hedge fund Third Point, which is also an Intel shareholder, demands that the world’s largest chip manufacturer examine strategic alternatives.

Snap: The titles of the operator of the messenger service Snapchat, Snap, rose 5.2 percent after the bank Goldman Sachs had increased their target price.

Walt Disney: The rapid spread of its streaming offer Disney plus gives the course a boost. The entertainment company’s stocks give up their initial profits anyway. In between, the stock had hit a record high of $ 180. According to a media report, the Disney plus app was downloaded 2.3 million times over the Christmas weekend. This is an increase of 28 percent compared to the previous weekend.

The competitor HBO Max, the telecommunications company AT&T heard, thanks to the premiere of “Wonder Woman 1984” at Christmas, the highest number of downloads for his app was recorded within a day. AT&T shares rise 0.6 percent.

More: Relief rally after the Brexit deal: These stocks could become big winners now

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.