After initial records, Wall Street paid tribute to its good run at the start of the new year. The leading US index Dow Jones Industrial at the end of the year it was 1.25 percent in the red at 30,223.89 points, but at least it was clearly recovering from its daily low. For the market-wide S&P 500 on Monday it ultimately went down 1.48 percent to 3700.65 points and the Nasdaq 100 selection index
lost 1.50 percent to 12,694.67 points.
Most recently, the corona vaccination campaigns started around the world and a new US state aid package for the world’s largest economy supported share prices. But in view of the uncertainties about the upcoming important Senate elections in the US state of Georgia and the concern that the corona contagion numbers have presumably increased even more over the holidays, investors cashed in.
The election of the two senators in Georgia determines the political majority in the second chamber of parliament. In the House of Representatives, President-elect Joe Biden’s Democratic party comrades hold a majority.
The electric car manufacturer Tesla was once again among the individual values
worth a look with its ongoing record chase. Unlike the market, the stock held its gains, rising nearly three and a half percent to nearly $ 730. Tesla delivered almost half a million vehicles in 2020, more than ever before.
On the other hand, Quantumscape made the lithium battery manufacturer
a 41 percent drop in share price would undo much of the stock’s previous, week-long soaring. To blame were disappointed hopes that the technology company Apple
could rely on Quantumscape’s products for their electric car project.
The shares of MGM Resorts International
lost nearly six percent. The casino operator wants the British online gaming provider Entain now for around 8.1 billion pounds. In return, treasury shares are offered, but a certain amount of cash payment is also promised. MGM had already bid for Entain last year and was dismissed. The British also rejected the current bid.
Titles from thermal imaging camera specialist Flir Systems rose by around 19 percent to $ 52.27 thanks to the acceptance of an approximately eight billion dollar takeover offer from conglomerate Teledyne. This values Flir Systems at a mathematical $ 56 per share. Teledyne papers lost a good seven and a half percent.
The Euro presented itself friendly – after a high since April 2018 at over 1.23 US dollars, the common currency in New York trade was last worth 1.2243 dollars. The European Central Bank (ECB) had set the reference rate at 1.2296 (Thursday: 1.2271) dollars and the dollar had cost 0.8133 (0.8149) euros.
In view of the losses on Wall Street, US government bonds turned positive after a cautious start: the futures contract for ten-year Treasuries (T-Note Future) rose by 0.09 percent to 138.15 points. The yield on the ten-year bond was 0.92 percent./gl/he
— By Gerold Löhle, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0342 2021-01-04/22:34
Copyright dpa-AFX Wirtschaftsnachrichten GmbH. All rights reserved. Redistribution, republication or permanent storage without the express prior consent of dpa-AFX is not permitted.
– .
