NEW YORK (awp international) – Wall Street posted another record high on Wednesday and closed with a friendly tendency. Stock marketers pointed to the still good mood on the stock markets on both sides of the Atlantic, even if the year-end rally has recently lost some of its momentum.
The Dow Jones Industrial rose to a high of 36,571.55 points in late trading and ultimately gained 0.25 percent to 36,488.63 points. This held the most recent winning streak at the Dow, which ended in positive territory for the sixth trading day in a row. The S&P 500 rose 0.14 percent to 4793.06 points mid-week. The technology-heavy Nasdaq 100 gained 0.01 percent to 16,491.01 points.
The investors who remained at the end of the year had held back, even if the fears of the Omikron variant of the corona virus had decreased, it said. Because there is increasing evidence that the rapidly spreading Omicron pathogen leads to milder symptoms, even if the number of worldwide Covid-19 cases has risen to over a million for the second day in a row.
Among the individual stocks, the shares of Biogen were the focus of investors and, after speculation about takeovers, ultimately jumped 9.5 percent. However, they had fallen by around half since their record high in June. The Korean electronics company Samsung is in talks to buy Biogen, according to the Korea Economic Daily. The deal could be valued at more than $ 42 billion, the paper reported, citing investment bankers. A Biogen spokesman did not want to comment on the report.
The Tesla papers reacted only slightly, minus 0.2 percent, to the news that the founder and boss of the electric car manufacturer, Elon Musk, had made further shares into cash. According to the US Securities and Exchange Commission, the currently richest person in the world sold around 934,000 shares valued at $ 1.02 billion. At the beginning of November, Musk agreed to sell a tenth of his shares in the electric car manufacturer via a vote on the Twitter platform. With the latest sale, he has sold around 15.6 million shares to date, valued at $ 16.4 billion.
The renewed cancellation of hundreds of flights in the USA again weighed on the shares of domestic airlines. For Delta Air Lines it went down by 1.2 percent and for United Airlines by 1.9 percent. American Airlines shares lost 2.6 percent.
The euro was largely able to maintain its leap from European trading in US business and was most recently quoted at 1.1350 US dollars. In European trading, the euro had risen to its highest level in a month. The European Central Bank had previously set the reference rate at 1.1303 (Tuesday: 1.1331) dollars. The dollar had thus cost 0.8847 (0.8825) euros.
US Treasuries slipped into the red. The futures contract for ten-year Treasuries (T-Note-Future) recently fell 0.35 percent to 130.16 points. The yield on ten-year government bonds rose to 1.56 percent./edh/he
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