NEW YORK (dpa-AFX) – The lively recovery in share prices on Wall Street from the beginning of the week continued on Tuesday. Concerns about the economic consequences of the spread of the new Corona variant Omikron continued to decline. The leading index Dow Jones Industrial rose by one and a half percent to 35,763 points. Apple’s shares hit another record high.
The prices on the technology-heavy Nasdaq stock exchange went up even more. The Nasdaq 100 
advanced by a good three percent to 16,340 points. Semiconductor stocks like Applied Materials, ASML, Nvidia and NXP Semiconductors gained between six and seven percent. The market-wide S&P 500 gained 2.2 percent to 4693 points.
First indications from South Africa indicated a significantly shorter hospital stay for an infection with Omikron than for the Delta variant, wrote analyst David Mackie of the investment bank JPMorgan. This could “play a major role in easing the pressure on health systems in the event of a strong wave of infections with Omikron”.
The shares of the chip company Intel were among the top values in the Dow with a plus of 3.8 percent. The semiconductor manufacturer plans to list the Israeli subsidiary Mobileye on the stock exchange in mid-2022. After the IPO, Intel wants to remain the majority owner in the developer of technologies for autonomous driving.
Apple shares rose three percent to another record high. Alongside the general recovery rally in tech stocks, this was fueled by a comment from Morgan Stanley. The experts at the US bank expect the iPhone group to benefit from new products in the business with so-called virtual reality and autonomous driving.
At the end of the Dow, the shares of Merck & Co were down two percent after the investment house Guggenheim canceled the recommendation to buy the shares of the pharmaceutical company.
In addition to stocks from the technology sector, they were also looking for stocks from the financial industry. Goldman Sachs gained 2.6 percent, American Express 4.2 percent. Visas rose 2.5 percent and Morgan Stanley 3.4 percent.
– .
