Börse Express – New York Stocks End: Again weak

NEW YORK (dpa-AFX) – The first case of an Omicron infection in the USA quickly ended an attempt at recovery on the troubled US stock exchanges on Wednesday. After initially significant recovery gains, they later turned into the red. The last few minutes of trading saw a particularly steep decline. The first cases of the new Corona variant have now also occurred in Great Britain, Switzerland, Norway and Brazil. In South Africa, Covid-19 cases have also doubled within a day. However, it is not yet clear whether the sudden increase is related to the new Omikron variant.

The Coronavirus variant Omikron is currently classified as worrying because of its rapid spread and numerous mutations. How ill the virus actually makes cannot yet be estimated due to the lack of sufficient data and since mainly young people have been infected so far.

Der Dow Jones Industrial ultimately lost 1.34 percent to 34,022.04 points. It closed at its lowest level at the beginning of October and also fell below the much-noticed 200-day line that signals the longer-term trend. The fluctuation range of the US stock market barometer on this trading day was just under 1000 points.

The market-wide S&P 500 fell by 1.18 percent to 4513.04 points in the middle of the week. The selection index fell 100 on the Nasdaq by 1.60 percent to 15,877.72 points.

On the data side, the main focus was primarily on the mood in US industry, which had not brightened quite as clearly as expected in November./ck

 ISIN  US2605661048  US6311011026

AXC0382 2021-12-01/22:22

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