Meanwhile, the US Federal Reserve believes that it is likely to maintain its very loose interest rate policy, according to the minutes published at the September meeting of the Fed.
On Tuesday, the courses went on diving after US President Donald Trump decided not to negotiate another corona stimulus package with the Democrats until the presidential election on November 3. On Wednesday, investors were relaxed again. Trump also announced that he would provide emergency aid with several smaller measures, for example for the ailing airlines. American Airlines and United Airlines papers each gained 4.3 percent against this background.
In first place in the Dow were the shares of the cloud specialist Salesforce with a plus of 3.9 percent. On their heels were Boeing, which recovered somewhat from the previous day’s slide with a plus of 3.2 percent. Entertainment company Walt Disney shares responded positively to demands from an activist investor, closing 1.6 percent higher.
Chevron gained just over two percent. In terms of market capitalization, the oil company overtook competitor ExxonMobil, whose shares have since fallen out of the Dow and barely made any progress on Wednesday, up 0.3 percent.
The competition subcommittee in the House of Representatives, dominated by the Democrats, published a report on Tuesday after the market closed, threatening the big tech companies with a restriction of their market power. A break-up of “certain dominant platforms” was also mentioned. Facebook posted slight discounts in the middle of the week. Alphabet, Apple and Amazon, on the other hand, grew.
In the race for drugs to treat Covid 19 diseases, the pharmaceutical company Eli Lilly applied for emergency approval for antibody therapy in the USA. Eli Lilly’s shares rose 3.4 percent.
The euro made up some of its previous day’s losses, most recently costing $ 1.1764. The European Central Bank (ECB) had set the reference rate at 1.1770 (Tuesday: 1.1795) dollars, the dollar cost 0.8496 (0.8478) euros. The futures contract for ten-year Treasuries (T-Note-Future) fell by 0.27 percent to 138.73 points. The yield on ten year bonds was 0.783 percent./ajx/he
— By Achim Jüngling, dpa-AFX —
(AWP)
–
