The US stock markets took a break on Friday and moved very little. Investors are apparently unwilling to lean too far out of the window before the long weekend, said a stockbroker. There will be no trading in New York next Monday on the occasion of “George Washington Day”.
Der Dow Jones Industrial , which had climbed another record high of 31,543 points the day before, last noted on Friday 0.12 percent lower at 31,393.86 points. This indicates a weekly gain of around 0.8 percent for the US benchmark index. The market-wide S&P 500 was last 0.07 percent up at 3919.01 points. The tech-heavy Nasdaq 100 stagnated at 13,734.99 points.
In general, the decline in the number of infections in the USA and the increasing pace of vaccination recently gave rise to some hope during the pandemic. “This makes economic easing more likely,” wrote economist Claudia Windt from Helaba. To promote the vaccination campaign, the US government worked with manufacturers Moderna and Pfizer signed a contract for 100 million additional corona vaccination doses each. Moderna shares nonetheless fell 0.3 percent, while Pfizer stocks rose 1.0 percent.
Walt Disney shares lost 1.4 percent after the quarterly figures. The pandemic continues to weigh heavily on the entertainment group, but due to the booming streaming business, it returned to the black in the first quarter of the business year and exceeded expectations. According to DZ analyst Manuel Müh, the group is on the “slow path back to normal”. On the whole, Disney is getting through the crisis well, according to the expert.
Otherwise there were figures from the website service provider Verisign
. These were apparently not well received by investors, with shares losing 1.4 percent.
Bumble’s shares continued their previous day’s rally on day two of trading, gaining 12.8 percent. On Thursday for its debut on the US technology exchange Nasdaq, the papers of the operator of the online dating platforms Bumble and Badoo had closed at $ 70.31, around 63 percent above the issue price of $ 43./edh/he
ISIN US2605661048 US6311011026 US78378X1072
AXC0353 2021-02-12 / 20:03
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
– .
