NEW YORK (awp international) – The New York stock market quickly lost the momentum from early trading on Monday. Initially at a record high, the Dow Jones Industrial ended the first day of trading in August down 0.28 percent to 34,838.16 points.
For the broad S&P 500 index, it fell 0.18 percent to 4387.16 points. The technology-heavy selection index Nasdaq 100 gave up almost all of its gains and closed with a plus of 0.02 percent to 14,963.62 points.
Economic data disappointed: the mood in US industry surprisingly clouded over in July. As a result, yields fell on the bond market, and market observers spoke of growth concerns. However, they rated the deliberations of the US Senate on a new trillion dollar infrastructure program, which are apparently nearing completion, as positive.
The papers of the bank Goldman Sachs were in the leading index Dow with plus 0.88 percent of the front runners, while those of the credit card company Visa brought up the rear with minus 2.68 percent. Amazon made hardly any progress on the Nasdaq with a plus of 0.12 percent. A recovery after their high loss on Friday, when the online retailer had issued a surprisingly cautious forecast for the current quarter, did not materialize.
Biontech’s shares, which are listed in New York, rose by 3.61 percent and cost almost $ 354 at their peak, continuing their record rally. They benefited from the prospect of booster vaccinations against the corona virus that will soon begin, the increased use also in children and adolescents and the prospect that mRNA technology could also become marketable for other areas of application. Against this background, the private bank Berenberg rushed ahead on Monday and raised its price target significantly to $ 400.
The titles from Square went up by more than ten percent. With the takeover of the Australian payment service provider Afterpay, the US payment service wants to expand its business with installment payments. The deal, valued at a good 29 billion US dollars, should be completed in the first quarter of next year, both companies announced.
After the US market closed, the euro was priced at $ 1.1871. The common currency lost intermittent gains. The European Central Bank (ECB) had set the reference rate at 1.1886 (Friday: 1.1891) dollars, the dollar cost 0.8413 (0.8410) euros.
US Treasuries posted gains. The futures contract for ten-year Treasuries (T-Note-Future) rose by 0.41 percent to 135.00 points. In return, the yield on ten-year government bonds fell to 1.174 percent./ajx/he
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