New York Stocks: Little Movement Ahead of the Holidays | 12/22/21

NEW YORK (awp international) – The US stock exchanges were initially listless on Wednesday after their strong recovery the previous day. Shortly before the Christmas weekend and in view of the ongoing corona worries, investors shied away from a clear positioning. Many market participants have already closed their books.

Half an hour after the starting bell on Wall Street, the leading index Dow Jones Industrial was up 0.10 percent to 35,529 points. The market-wide S&P 500 advanced 0.19 percent to 4658 points. The technology-heavy Nasdaq 100 gained 0.25 percent to 16 027 points, after having gained significantly more than the standard values ​​the day before.

At the top of the Dow, Caterpillar benefited with a plus of 1.8 percent from a positive analyst comment. Bernstein Research had upgraded the construction machinery manufacturer’s paper to “Outperform” and raised the price target from $ 200 to $ 240. The papers of the chip manufacturer Intel were the worst with minus 0.9 percent

Despite rather negative news, Tesla’s shares rose 4.7 percent back to the $ 1,000 mark. CEO Elon Musk sold other Tesla shares for $ 528 million.

In addition, according to a media report, the US federal agency responsible for vehicle and road safety has started a safety investigation of 580,000 vehicles sold by the electric car manufacturer since 2027. According to the report, the authority complains that the possibility of playing computer games on the central touchscreen can distract the driver and increase the risk of accidents

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