Home » News » Equities New York Outlook: Investors become more cautious after record rally | 01/11/21

Equities New York Outlook: Investors become more cautious after record rally | 01/11/21

NEW YORK (awp international) – After the clear profits and record highs on Wall Street in the previous week, investors should be a little more cautious on Monday and could take profits. The corona news should have a negative impact. In the United States, infections and deaths continue to rise while vaccinations have only just begun. Three quarters of an hour before the start of trading, the broker IG estimated the US leading index Dow Jones Industrial 0.90 percent lower at 30,817 points.

Among the individual stocks, the shares of Eli Lilly should cause a sensation. The pharmaceutical company is making progress with the Alzheimer’s drug Donanemab. As Eli Lilly said, 18 months after ingestion, donanemab was able to slow the decline in cognitive performance of test candidates by 32 percent compared to people given placebo products. In premature trading, the share jumped around 14 percent.

On the other hand, it went down for the pre-trading hours for the Twitter papers by a whopping 8 percent. The short message service had permanently blocked the very popular account of the elected US President Donald Trump. Twitter named the reason “the risk of further incitement to violence”. Critics accuse Trump of instigating his supporters to storm the Capitol via Twitter at a rally.

The record hunt for Tesla shares should be stopped for the time being on Monday. They fell 1.6 percent in the pre-trading period after the electric car maker’s papers continued their record rally on Friday with a further jump of almost 8 percent ./edh/jha/

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