Börse Express – New York Stocks: Dow recovers

NEW YORK (dpa-AFX) – The US stock markets presented themselves with an inconsistent tendency during trading on Monday. While New York Wall Street recovered from the recent losses and trended firmer, the technology indices on the Nasdaq turned into the red after initial record highs.

Positive impetus came from China, where the central bank had signaled monetary easing measures to support the recovery of the domestic economy. The continuity at the top of the US Federal Reserve was also welcomed after speculation about a change in leadership at the Fed. US President Joe Biden has nominated the head of the Federal Reserve (Fed), Jerome Powell, for a second term.

Der Dow Jones Industrial last rose by 0.58 percent to 35 807.57 points. For the market-wide S&P 500
it went up by 0.43 percent to 4718.10 points after a record high of almost 4744 points. The Nasdaq 100
first climbed another high at almost 16,765 points, but was recently listed 0.20 percent lower at 16,540.11 points.

Many technology stocks have suffered from profit-taking, according to traders. Speculations arose that the recent sharp rise was fueled by covering short positions and was exaggerated, it said. The shares in the apartment broker Airbnb were forfeited 7.0 percent a. That of the fitness equipment specialist Peloton
lost 5.6 percent that of the transport operator Lyft 6.4 percent and that of the photo app provider Snap
5.3 percent.

In contrast, the papers of the corona vaccine manufacturer Biontech benefited and Moderna from attractive booster vaccination campaigns and gained 10.7 and 8.5 percent respectively. The papers of the Biontech partner Pfizer rose by 0.8 percent. The mRNA vaccines from these companies are still considered to be the most important pillars of the campaigns that have started rolling in many countries due to the dramatic infection situation.

Vonage went up 25.8 percent to $ 20.59
up. The Swedish network equipment supplier Ericsson
wants to swallow the cloud telephony provider for 21 dollars per share in cash. It would be the largest acquisition in the company’s history to date, as Vonage is valued at 6.2 billion dollars including debt./edh/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0305 2021-11-22/20:10

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