AOF analysis closes Wall Street – The New York Stock Exchange triumphed over Covid-19 in 2020

(AOF) – Wall Street ended on a positive note Thursday for its last session of the year. The Dow Jones gained 0.65% to 30,606.48 points and the Nasdaq Composite gained 0.14% to 12,888.28 points. After the terrible fall of spring, caused by the health crisis, the New York Stock Exchange rebounded strongly, driven by monetary and budgetary support, the American presidential election and the start of anti-Covid vaccination campaigns. Over one year, the Nasdaq jumped more than 43%, the S&P 500 took 16% and the Dow Jones + 7%. These last two indices end 2020 with records.

Boeing sold 1.20% to 214.06 dollars. The United States announced Wednesday evening that it was preparing to raise again taxes on certain products from the European Union, in particular on French and German wine, spirits and spare parts linked to the aeronautics. Washington did not specify when these taxes will be imposed, or how much they would represent, simply saying that “further details will be provided in a future notice” from the Commercial Register (USTR). They come within the framework of the conflict over public subsidies to the aeronautics sector.

Wednesday on Wall Street

The US indices ended Wednesday evening with a slight increase, however sufficient to allow the Dow Jones to reach new records. Investors have once again welcomed the American stimulus plan: and even if the new amount of aid intended for the most modest households has not yet passed the Senate cap, the 600 dollars initially promised are already starting to be sent. Added to this are the hopes of recovery, raised by the situation around vaccines. At the close, the Dow Jones gained 0.24% to 30,409.56 points and the Nasdaq, 0.15% to 12,870 points.

Macroeconomic figures

The United States registered 787,000 new job seekers during Christmas week. This is much less than the expectations of analysts, who were counting on 833,000, and is a sharp drop from the previous week (806,000, revised from 803,000).

The values ​​to follow

ALIBABA

Beijing is stepping up its pressure on Ant Group, the Alibaba subsidiary specializing in financial services. Chinese authorities are currently investigating the company’s holdings in dozens of companies, high-tech start-ups and fintechs. If they believe that these holdings violate competition regulations, they could ask it to sell them. Ant Group has provoked Xi Jinping’s ire after its boss and founder, Jack Ma, China’s richest man, criticized his country’s financial regulations.

BOEING

The United States announced Wednesday evening that it was preparing to raise again taxes on certain products from the European Union, in particular on French and German wine, spirits and spare parts linked to the aeronautics. Washington did not specify when these taxes will be imposed, or how much they would represent, simply saying that “further details will be provided in a future notice” from the Commercial Register (USTR). They come within the framework of the conflict over public subsidies to the aeronautics sector.

TIFFANY

The shareholders of the American jeweler Tiffany voted by a very large majority in favor of the amended merger agreement announced on October 29, 2020, relating to the proposed acquisition of Tiffany by LVMH, at an extraordinary meeting of Tiffany which took place is held yesterday. The offer price is $ 131.50 per share, compared to $ 135 initially expected. The transaction is scheduled for completion on Thursday, January 7, 2021.

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