Nasdaq sets new peak; maker pickup trucks downhill; | Financial

The Dow Jones index ended 0.3% lower at 34,394 points. The broad S&P 500 gains 0.2% to a new peak of 4255 points. Tech exchange Nasdaq gains 0.7% at 14174 points, breaking the record since April.

Investors in the US await the Federal Reserve’s policy meeting. They are curious what the central bank will decide in response to the increased inflation in the United States. It is possible that Fed stimulus measures will be phased out more quickly.

Biotech company Novavax sees the generous profit completely evaporate and the price is 0.9% lower. The company reported good results from testing its corona vaccine, which is comparable in effectiveness to similar vaccines from Pfizer/BioNTech and Moderna. These vaccinations also use the mRNA technique.

In addition, the electric pickup truck manufacturer Lordstown Motors made a 17% drop in share price. The start-up’s chief executive and chief financial officer resigned after an investigation revealed that they had made false claims about the number of orders the company had won, which may have misled investors. Last week, Lordstown announced that it needed more money to actually produce cars.

The Chevron oil fund is up 0.2% after a cheerful start. Shell reportedly wants to sell all its assets in the Permian Basin, an oil-rich area in Texas and some neighboring states.

Bitcoin rose above $40,000. The cryptocurrency skyrocketed after Tesla CEO Elon Musk said on Twitter that his company would accept bitcoins as a means of payment again if so-called mining for at least half of it was done on green energy. Tesla (+1.3%) accepted the digital currency since March, but stopped within two months due to environmental concerns.

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