NEW YORK (dpa-AFX) – The record run of the Dow (Dow Jones 30 Industrial) and S&P 500 on New York’s Wall Street could continue with small steps on Friday. One hour before the stock market start, the broker IG valued the US leading index Dow Jones Industrial with plus 0.13 percent at 35,545 points. On a weekly basis, this would mean an increase of around one percent. The NASDAQ 100 is expected to be slightly weaker at the start of trading.
Shortly after the start of trading, the University of Michigan will publish data on US citizens’ consumer mood in August that could potentially move the stock markets. Consumer confidence is expected to have remained stable compared to July.
Shares in vaccine producers could also come into focus once again. Although not surprisingly, according to the US Food and Drug Administration, FDA should now be able to get a booster vaccination against the coronavirus for people with a weakened immune system. This could further support the papers of Moderna and Biontech (BioNTech (ADRs)) after they had gone on a steep rollercoaster ride over the course of the week. They gained between two and three percent before the IPO.
In addition, a takeover project resulted in pre-trading price gains at Willis Towers Watson. The papers rose by 2.6 percent, because the insurance broker and consulting company wants to sell the reinsurance advisor Willis Re for a billion amount to the competitor Arthur J. Gallagher & Co (AJG) (Arthur J GallagherCo). If everything goes according to plan, the transaction is expected to close in the fourth quarter. AJG’s papers did not react before the start of trading./ck/jha/
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