The caution of many investors in the face of rising bond yields and concerns about rising inflation have pushed growing optimism about the coronavirus vaccination program and the path to economic recovery into the background, said analyst Michael Hewson of CMC Markets.
Among the individual stocks in the Dow, the shares of Boeing were in focus with negative headlines, but less with a noticeable price movement. After the engine failure of a Boeing 777 near Denver, the US Federal Aviation Administration ordered inspections for machines of this type which are equipped with certain engines from Pratt & Whitney. The Japanese aviation authorities have already issued a flight ban. The Boeing papers recently turned positive by 0.6 percent. The shares of Raytheon Technologies, the parent company of Pratt & Whitney, got under the wheels with minus four and a half percent.
In the Dow, Chevron won 2.6 percent as the second best. Oil prices rose again on Monday. The commodities experts at the US investment bank Goldman Sachs also expect a further sharp rise in oil prices in the coming months. Top value in the Dow was Walt Disney with a plus of three percent. The stocks from Microsoft were at the bottom of the index with a discount of 2.7 percent.
The US tire manufacturer Goodyear wants to strengthen itself with the billion dollar takeover of competitor Cooper. Cooper shareholders will receive $ 41.75 in cash and 0.907 shares of Goodyear per share. Cooper stock shot up around 28 percent to nearly $ 56. Goodyear gained around 16 percent./ajx/he
(AWP)
–
