Equities New York: A little lighter at the end of a good year

NEW YORK (dpa-AFX) – The US stock markets came under some pressure on the last trading day of a successful stock market year. The Dow Jones Industrial fell 0.12 percent to 36,355.65 points after just over an hour on Friday after hitting a record high the previous day.

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The S&P 500 lost 0.08 percent to 4774.96 points. The tech-heavy Nasdaq 100 dropped 0.26 percent to 16,387.06 points.

However, looking at the year as a whole is very positive. So the Dow is on track to gain almost a fifth in 2021. The S&P and Nasdaq 100 could even gain more than a quarter each.

There was initially no market-moving news from either the corporate or the economic world. Experts expect thin trading, important world stock exchanges such as Frankfurt, Tokyo and Zurich will remain closed on this day.

Tesla slipped 0.60 percent. After the recall of almost half a million cars in the USA the day before, the electric car manufacturer must now also order vehicles into the workshops in China. In the almost past year, the group’s share price, which is one of the very few in the world to be valued at more than a trillion US dollars on the stock exchange, has risen by a good half so far./he/jsl

Source: dpa-AFX

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