Home » News » New York stocks: losses at the beginning of the week – Corona uncertainty persists | 12/13/21

New York stocks: losses at the beginning of the week – Corona uncertainty persists | 12/13/21

NEW YORK (awp international) – Wall Street investors have been cautious after the recent gains. The most important stock indices fell on Monday. Investors acted a little more cautiously because of the continued smoldering uncertainty surrounding the Omikron coronavirus variant and the unbroken high inflation. Against this background, the coming days will be dominated by monetary policy – including the US Federal Reserve’s interest rate decision on Wednesday.

The Dow Jones Industrial fell 0.94 percent on Monday to 35,634.66 points. The market-wide S&P 500 lost 0.72 percent to 4678.10 meters. The technology-oriented Nasdaq 100 fell 0.90 percent to 16 185.52 points.

“In view of the constant high inflation in the United States, the markets expect further signals in terms of interest rate turnaround,” said market observer Timo Emden with a view to the Fed meeting. The Federal Reserve is expected to respond to high inflation and accelerate the exit from its extremely loose stance. At the moment, however, the market is again asking to what extent Omikron could restrict its monetary policy leeway again.

At the top of the Dow, Coca-Cola shares rose around two percent. Analyst Andrea Teixeira from the JPMorgan bank counted on growth in the brewing group in the coming year in a study. In addition, the strong brand suffered less from cost pressure and, on top of that, the papers were cheap.

The pharmaceutical giant Pfizer wants to take over the pharmaceutical company Arena Pharmaceuticals. Pfizer is offering arena stockholders $ 100 per security for this purpose. The shares of Arena Pharmaceuticals soared by a good 84.10 percent to 91.94 dollars and Pfizer investors were also pleased, as the plus of a good 4 percent showed.

Among the technology stocks, Apple shares initially continued their record run before the momentum subsided somewhat. In the early days of trading, the computer company almost cracked the $ 3 trillion mark for the first time in terms of market capitalization./la/men

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