Börse Express – New York Stocks: Dow Jones again with a record

NEW YORK (dpa-AFX) – The US stock market stayed at record highs in early trading on Monday. The Dow Jones
reached another record shortly after opening, most recently gaining 0.39 percent to 36,470.82 points. At the end of the week, the leading US index had encouraging labor market data and a success for the pharmaceutical company Pfizer driven in the search for a drug against Covid-19. The market-wide S&P 500 climbed 0.12 percent to 4703.28 points in early Monday trading. The tech-heavy Nasdaq 100 fell 0.13 percent to 16,338.01 points.

At the weekend, after months of struggle, the US Congress decided on one of President Joe Biden’s core domestic political projects. A few weeks after the Senate, the House of Representatives also passed a major investment program aimed at modernizing the country’s infrastructure. In addition, there was positive news from China, whose economy recorded surprisingly stronger export growth in October despite a weak domestic market.

On the corporate side, there is the electric car manufacturer Tesla
in focus. Company boss Elon Musk let Twitter users vote whether he should sell a tenth of his Tesla shares in order to pay more taxes. The survey gave a “yes”. Tesla shares fell around five percent to $ 1,164 on Monday. Just last week they hit a record high of $ 1,243./ajx/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0267 2021-11-08/16:12

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