The US stock exchanges did quite well on Monday in the face of a new, possibly much more contagious variant of the corona virus. This is spreading rapidly in Great Britain, which is why more and more countries are closing themselves off from the United Kingdom. Reducing risks was therefore initially the motto on the market.
The long-awaited announcement that Democrats and Republicans in the US Congress had agreed on another huge corona stimulus package increasingly counteracted the initially significant losses, as did news about vaccine approvals.
The Dow Jones Industrial listed a good two hours before the stock market closed 0.12 percent higher to 30,216.45 points. The market-wide S&P 500 lost 0.41 percent to 3694.21 points. Here the heavy price losses of the index heavyweight Tesla weighed on , The shares of the electric car manufacturer have been included in the index since Monday. For the tech-heavy Nasdaq 100 it was recently only 0.38 percent down to 12,689.51 points. This means that the New York stock market indices, which set further records last Friday, are developing far better at the start of the week than the battered European trading centers.
The US financial sector was supported by the latest assessments by the Federal Reserve, which classified the largest American financial institutions as crisis-proof after a corona stress test and relaxed certain requirements to protect capital resources. Share buybacks are allowed again in the first quarter. For Goldman Sachs shares it was seven and a half percent up at the top of the Dow, JPMorgan went up by four and a half percent.
The papers from Nike climbed a record high after strong quarterly figures that the sporting goods manufacturer had already presented on Friday evening after the market closed. Several analysts have now raised their price targets. The Nike papers recently gained more than five percent.
The titles of the electric car maker Tesla fell by more than four and a half percent. On Friday they had another record close to the $ 700 mark. Managers of funds that replicate the S&P 500 had to buy the shares in the course of the index rise. On this Monday, the shares paid tribute to their rally.
The corona news from Great Britain put the share prices of the aviation companies under pressure: United , Delta
and American lost up to 2.8 percent. At the aircraft manufacturer Boeing there was still a minus of 0.8 percent after initially much higher discounts. In contrast, the shares of the aerospace supplier Aerojet Rocketdyne shot up in light of a takeover bid from Lockheed Martin up by more than 24 percent, while the titles of the armaments company fell by more than one percent./ajx/fba
ISIN US2605661048 US6311011026 US78378X1072
AXC0391 2020-12-21/20:21
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