New York equities: up again – investors bet on vaccinations and Biden | 12/30/20

NEW YORK (dpa-AFX) – After taking a breather from the previous day, investors were back on stocks on the penultimate trading day of the year on Wall Street. The prices rose, but new record reports for the stock market barometers Dow, S&P 500 and Nasdaq 100 have not yet materialized. The Dow Jones Industrial (Dow Jones 30 Industrial) recently advanced by almost half a percent to 30,468 points.

Thanks to corona vaccinations that have started worldwide, investors are still betting on a radical economic recovery for 2021. In the middle of the week, another manufacturer, the British pharmaceutical giant AstraZeneca, received approval for a vaccine in Great Britain – other countries should follow soon.

The S&P 500, which tracks the broad US stock market, gained 0.30 percent to 3738 points. For the technology-heavy NASDAQ 100, it rose 0.26 percent to 12,877 points.

Analyst Edward Moya from trading house Oanda explained the price gains despite the high number of infections and many deaths in the USA with the upcoming change of government: “With the devastating news about Covid-19, expectations are rising on Wall Street that the new administration under President Biden will be in the first place a hundred days to give the government strong impetus “.

With a view to the end of the year, the owners of US stocks have little reason to complain: thanks to a never-before-seen recovery rally after the likewise historic price slump at the beginning of the corona pandemic in spring, the Dow is currently entitled to a plus of almost seven percent Beech. With the market-wide S&P 500 it is almost 16 percent and with the Nasdaq 100 even 47 percent.

Caterpillar papers were among the biggest winners in the leading Dow index on Wednesday. They gained 2.3 percent to just under $ 181. The US investment house Baird declared the shares of the construction machinery manufacturer to be the favorites for the coming year and increased the price target from 206 to 220 US dollars.

The shares of the entertainment company Walt Disney and the credit card provider Visa reached new all-time highs in the Dow. Walt Disney rose in price at the top of the Dow by 2.4 percent and Visa by 2.1 percent.

The shares of the corona vaccine manufacturers showed weakness: The shares of Mainz BioNTech listed in New York and the shares of the Tübingen vaccine manufacturer Curevac each fell by 1.7 percent. The papers of the US vaccine producer Moderna also lost 1.7 percent. All three titles thus expanded the losses of the past few weeks. Before that, however, they had risen sharply./bek/fba

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