NEW YORK (dpa-AFX) – The desire to buy on the New York stock market seems to be unbroken even before the weekend. Three quarters of an hour before the starting bell, the broker IG valued the US leading index Dow Jones Industrial (Dow Jones 30 Industrial) on Friday 0.34 percent higher to 31,148 points. The technology-heavy NASDAQ 100 could for the first time ever leave the round mark of 13,000 points behind.
After the recent political rulings in the United States in favor of the Democrats, investors were hoping for a calmer and more stable environment and were looking for an expansion of economic aid and continued support from the central banks, said analyst Neil Wilson of Markets.com.
The latest official labor market data for December was disappointing. In view of this, the US Federal Reserve should be in its ultra-expansionary Monetary policy see confirmed, wrote the Helaba experts. The flood of money from the central banks is one of the main drivers of the stock market rally.
Semiconductor stocks contributed to the very good mood, especially in the technology sector. According to an optimistic sales forecast, the shares of Micron Technology advanced by four percent before the IPO. Strong business figures from the chip company STMicroelectronics and the tech giant Samsung had fueled the boom in the industry on the stock exchanges in Europe and Asia.
Investors won’t get enough of Tesla on Friday either. After the price increase of almost eight percent the day before, the papers of the electric car maker are again 4.7 percent higher in the pre-market Friday trading. The topic of e-mobility is attracting investors. Speculations about a cooperation between Apple and the South Korean automaker Hyundai (Hyundai Motor) in the development of a self-driving electric car sparked further imagination. Hyundai shot up in Seoul by a good 19 percent. After their previous day’s plus of around three and a half percent, Apple now rose by another 1.1 percent before the market.
For the aircraft manufacturer Boeing, the disaster surrounding the 737 Max crash plane cost dearly. The corporation is paying a fine of more than $ 2.5 billion to settle criminal proceedings. The Boeing shares rose before the market by 0.3 percent.
Positive vaccine reports were also supportive. According to an initial analysis, the vaccine from Biontech (BioNTech (ADRs)) and Pfizer is also effective against two new variants of the coronavirus that were first detected in Great Britain and South Africa. This comes from a study by scientists from the University of Texas and the US pharmaceutical company Pfizer. The Biontech shares listed in New York jumped 5.8 percent, Pfizer gained only 0.4 percent.
Moderna’s vaccine has now also been approved in the UK, with Moderna papers increasing in price by 1.6 percent./ajx/jha/
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