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New York equities: stagnation amid high infection rates

The market-wide S&P 500 fell slightly by 0.09 percent to 3689 points. The technology-heavy Nasdaq 100 lost 0.27 percent to 12,563 points, like the Dow, it had reached a record high on Monday.

The corona pandemic is spreading further in the USA. On Monday, the authorities reported 192 299 detected new infections within one day. The number of deaths with a confirmed coronavirus infection within 24 hours was 1,404 on Monday. In total, around 14.95 million people in the country with around 330 million inhabitants were infected with the coronavirus.

Tesla’s shares lost just 2.1 percent after the announcement of a further capital increase. The electric car maker is taking advantage of the recent record run of shares to raise up to five billion US dollars of fresh capital by issuing new shares. It is the third such step this year. The company needs a lot of money to expand. It wasn’t until the start of the week that stocks had risen to a record high of almost $ 649. This means that the price has increased almost eightfold in the current year alone.

Uber’s titles lost almost two percent. The driving service broker gives up the costly development of its own technology for self-driving cars. The corresponding department will be taken over by the robot car start-up Aurora. Uber is also investing $ 400 million in Aurora, which will be given access to the Uber platform as a strategic partner.

Fedex stocks rose 1.4 percent to a record high. The papers of the logistics service provider benefited not least from the strong online shopping in the USA before Christmas. The rate has more than doubled since the end of June alone./bek/men

(AWP)

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