Lower end of Wall Street in month with great desire to buy | Financial

The Dow Jones index ended 0.9 percent lower at 29,639 points. Earlier this month, the Dow broke through the 30,000 point mark for the first time. The broad S&P 500 fell 0.5 percent to 3621.8 points. The technology gauge Nasdaq fell 0.1 percent to 12,198 points. On balance, the most important indicators performed very well in November. The Dow was raised nearly 12% this month. The S&P shot up 10.8% and the Nasdaq even gained 11.8%.

Pharmaceutical Moderna announced that it is seeking approval for its corona vaccine in the United States and the European Union. The American company does this after the effectiveness has also been shown after an extensive analysis. The vaccine is 94.1 percent effective and there are hardly any serious side effects. The Moderna share jumped more than 20 percent.

S&P Global (plus 3.1 percent) was also in the spotlight. The company behind credit rating agency S&P announced it would pay $ 44 billion for market researcher IHS Markit. The deal will be settled entirely in shares. If the acquisition is approved by regulators, two of the largest data providers on Wall Street will be merged.

Feather delirious Black Friday bargain feast on the exhibition floor. Sales on the day fell short of expectations. Fears of the virus caused fewer bargain hunters to venture into the store. Retailers like Macy’s, Kohl’s and Best Buy fell to 3.9 percent. Amazon lost 0.9 percent.

Electric vehicle maker Nikola plummeted nearly 27 percent. Nikola and car group General Motors (GM) have amended a previously agreed cooperation deal. As a result, GM does not take an equity interest in Nikola and no joint electric pick-up truck is built. GM lost 2.7 percent.

Attention was also paid to the oil sector, as countries of the OPEC oil cartel and allies (OPEC +) are discussing whether or not to extend the agreements on production restrictions. In anticipation of that decision, the oil price fell on Monday after reaching its highest level in months. Oil companies such as Chevron, Occidental Petroleum, ExxonMobil and ConocoPhillips were lowered by up to 7.5 percent.

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