NEW YORK (dpa-AFX) – The holidays in the USA cost Wall Street its momentum. At the start of the shortened trading on Friday, the US benchmark index Dow Jones is expected to post a moderate profit. The broker IG estimated the stock market barometer a good three quarters of an hour before the start with a premium of 0.23 percent to 29,941 points.
On Wednesday the Dow had already moved a little from the 30,000 points it had climbed for the first time in its history the day before.
On Thursday the gates of Wall Street remained closed for the national holiday of Thanksgiving – and on this last trading day of the week the stock market ends earlier. Because many market participants in the USA usually say goodbye to the celebrations on a long weekend, things should be quiet.
In the US, too, investors should be interested in the latest vaccine news from Europe. The pharmaceutical company AstraZeneca is planning additional investigations into its corona vaccine, after doubts about the study design and the high effectiveness of the agent had previously arisen. On behalf of the British government, the British regulatory authority will now review the drug.
While AstraZeneca shares in Europe have recently been under pressure, the shares of corona vaccine manufacturer Moderna are likely to continue their triumphant advance on the US stock exchange. In pre-market trading, Moderna papers went up by almost six percent. Papers of the US pharmaceutical company Pfizer, which, together with the German biotech company Biontech, also has a vaccine candidate with a very high level of effectiveness, was quoted slightly higher before the market.
Furthermore, the retail trade on so-called “Black Friday” – the starting signal for the Christmas business – should be more in focus. Because of the Corona restrictions in many places, customers are increasingly relocating their purchases to the Internet, which benefits online retailers such as Amazon. But oil stocks could also be worth a look after oil prices came back from their recent highs before the meeting of the Opec + oil network./tav/mis
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