NEW YORK (dpa-AFX) – The new year on Wall Street started like the old one ended: with records. On both the New York Stock Exchange (Nyse) and the Nasdaq technology exchange, the important indices reached record highs right at the start of trading on Monday – only the Nasdaq Composite (NASDAQ Composite Index) missed a new record high.
However, investors then shied away from further purchases and skimmed profits from the high level, so that the market slipped significantly into the red. The US leading index Dow Jones Industrial (Dow Jones 30 Industrial) was recently listed 1.65 percent lower at 30 102.70 points. For the market-wide S&P 500 it went down 1.43 percent to 3702.43 points and the selection index NASDAQ 100 lost 1.19 percent to 12,734.74 points.
Most recently, the corona vaccination campaigns started around the world and a new US state aid package for the world’s largest economy supported share prices. Market experts also referred to sentiment data from Chinese and European industry, which signaled a further recovery and increasing growth. Current news from the US economy had no noticeable impact on the prices.
In addition to the high level of the share price, the uncertainties surrounding the Senate elections in the US state of Georgia, which decide on the political majority in the second chamber of parliament – in the House of Representatives, the Democratic party comrades of President-elect Joe Biden hold the majority. The number of corona infections, which presumably rose significantly over the holidays, is also worrying.
Among the individual values, the electric car manufacturer Tesla was once again worth a look with its ongoing record hunt. Unlike the market, the stock held its gains and most recently rose by over three and a half percent to more than $ 730. Tesla delivered almost half a million vehicles in 2020, more than ever before.
In contrast, a price slump of more than a third at the lithium battery manufacturer Quantumscape (QuantumScape A) canceled out a large part of the previous week-long soaring share. The fault was disappointed hopes that the technology company Apple could rely on Quantumscape’s products for its electric car project.
The shares of MGM Resorts International lost almost four percent. The casino operator wants to buy the British online gaming provider Entain (GVC) for around 8.1 billion pounds. In return, treasury shares are offered, but a certain amount of cash payment is also promised. MGM had already bid for Entain last year and was dismissed. The British also rejected the current bid.
Titles from thermal imaging camera specialist Flir Systems rose by around 19 percent to $ 52.19 thanks to the acceptance of an approximately eight billion dollar takeover offer from conglomerate Teledyne. This values Flir Systems at a mathematical $ 56 per share. Teledyne papers lost seven and a half percent./gl/he
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