The Nasdaq Composite technology index also hit a record high, while the other major US stock indices lurked just below their highs. For the market-wide S&P 500 it went up 0.17 percent to 3816.25 points, while the technology-heavy Nasdaq 100 turned into the red and recently lost 0.08 percent to 12,962.77 points.
Market observers saw a media report as a course support, according to which the designated US President Joe Biden is planning trillion dollar corona aid. However, the surprisingly strong increase in weekly initial applications for US unemployment benefits slowed down the willingness to buy.
Biden’s advisers had told members of Congress that state aid in the fight against the economic consequences of the Corona crisis should amount to around two trillion US dollars, the TV broadcaster CNN reported, citing people familiar with the matter. Biden will announce the details of the plan this Thursday, it said.
Meanwhile, the high number of new corona infections in the USA exacerbated the situation on the labor market: In the past week, the number of weekly initial jobless claims rose significantly more than expected to the highest level since August last year.
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Among the individual stocks, Blackrock stood out negatively: Although the financial giant reported a record value for assets under management in the final quarter of 2020, the shares plummeted by over twelve percent. This was preceded, however, by an almost two-week record rally – now a number of investors apparently cashed in.
The situation was similar with the shares of Snap from yesterday’s profit-taking with a minus of almost seven percent – apparently favored by the news that the operator of the video and short message app Snapchat has blocked the account of the outgoing US President Donald Trump. Snap followed the example of other online networks like Twitter and Facebook.
Meanwhile, Acacia Communications’ shares shot up by almost a third to $ 114.37. They benefited from the fact that the fiber optic technology provider finally got together with the network specialist Cisco has agreed on a takeover price: With an offer of 115 US dollars per share, which Acacia valued at around 4.5 billion dollars, Cisco was able to convince the Acacia executives. Cisco had already made its takeover plans public in summer 2019. The Cisco papers were barely moved on Thursday.
The pet supplies retailer Petco Health and Wellness made a strong stock market debut: Most recently, the shares of the Zooplus industry colleague were listed at $ 29.28, which means a premium of almost 63 percent to the issue price of $ 18.
Delta Air Lines’ shares rose nearly four percent, despite the airline announcing a double-digit billion loss for the past year. This development did not come as a surprise to analysts, however, and the company was optimistic about 2021. The shares of other US airlines rose even more sharply on Thursday.
At Beyond Meat, the shareholders were able to look forward to another price recovery: thanks to a cooperation agreement with the system catering group Yum Brands, to which the restaurant chains KFC, Pizza Hut and Taco Bell are up nearly 14 percent. They have been able to iron out the price dip since the end of December. Yum shares gained nearly a percent and a half.
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