Börse Express – New York Stocks: Investors exercise caution

NEW YORK (dpa-AFX) – The US stock markets seem to be running out of momentum in the last few meters after a strong year. Investors held back, although fears of the Omikron variant of the coronavirus were diminishing, said a stockbroker. Because there is increasing evidence that the rapidly spreading strain of the pathogen leads to milder symptoms, even if the number of worldwide Covid-19 cases has risen to over a million for the second day in a row, it said.

Der Dow Jones Industrial last listed on Wednesday 0.24 percent higher at 36,487.17 points. This holds the most recent winning streak at the Dow, which has now been trending up for the sixth trading day in a row. The S&P 500 rose in the middle of the week by 0.09 percent to 4790.46 counters. The tech-heavy Nasdaq 100 In contrast, it fell by 0.12 percent to 16,468.26 points.

Tesla shares were once again among the individual stocks
in the investor focus after the founder and boss of the electric car manufacturer, Elon Musk, had cashed further shares. According to the US Securities and Exchange Commission, the currently richest person in the world sold around 934,000 shares valued at $ 1.02 billion. The Tesla shares initially reacted with a discount, but stabilized again as trading continued.

At the beginning of November, Musk agreed to sell a tenth of his shares in the electric car manufacturer via a vote on the Twitter platform. With the latest sale, Musk has sold approximately 15.6 million shares totaling $ 16.4 billion to date. In order to get to the targeted 10 percent, he would have to sell around 17 million shares.

The renewed cancellation of hundreds of flights in the USA again weighed on the shares of domestic airlines. That’s how it went for Delta Air Lines by 1.1 percent and for United Airlines
down by 1.6 percent. American Airlines’ shares lost 2.5 percent./edh/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0178 2021-12-29 / 20: 12

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