NEW YORK (dpa-AFX) – The US stock exchanges did not make any further progress on Wednesday. From the early rise to just above the 34,700 mark, the Dow Jones Industrial stayed little left. The price barometer lacked the strength and the investors the necessary impetus during the course of the day. With 34,600.38 points, he was only a slight plus of 0.07 percent over the finish line.
The picture was similar for the other New York indices, with early gains also fading. The market-wide S&P 500 
ended up 0.14 percent to 4208.12 points, while the tech-heavy Nasdaq 100 Went 0.16 percent higher at 13,675.79 points.
According to the market, investors are currently maneuvering between hopes of a strong economic recovery and worries that inflation will rise too sharply, which could put pressure on the US Federal Reserve with its loose interest rate policy. As a result, the US stock exchanges had already lost their initial momentum on Tuesday.
Investors are currently on hold, judged an analyst. Due to their inflation concerns, the actors waited for further signals from the monetary authorities and further important economic data in the course of the week, including the official labor market report on Friday. The expert sees a basis for a change in monetary policy, but no automatic end to the share rally.
On the corporate side, the shares of the cinema chain AMC continued to make the biggest headlines. They remained a plaything of the speculators organized on the Internet on Wednesday. A rally that was already impressive in the past few days culminated on Wednesday with a price that at times more than doubled and an interim record above the $ 70 mark. In the end, the price rose 95 percent to $ 62.55. It has more than tripled within a week.
The price jump of almost 66 percent at the biotech company Constellation Pharmaceuticals, which was before the takeover by the German MDax, was also very clear -Corporation Morphosys stands. The bid is $ 34, making the company’s equity worth $ 1.7 billion. As the price jumped, the price approached the price offered.
A big winner on the Nasdaq was the 3.8 percent higher shares of Moderna with a record high. The Covid-19 vaccine manufacturer is deepening its partnership with the Swiss Lonza group with another production line in the Netherlands. An additional 300 million vaccine doses should be produced there every year.
Otherwise, the papers of the video conference service Zoom were turned into the red after a firm start, in the end they lost 0.2 percent. Investors were therefore not persuaded by good quarterly figures. The company continues to grow rapidly thanks to the corona pandemic and was able to exceed analysts’ expectations with a multiple profit in the first quarter.
The course of the euro has largely made up for losses in the meantime on Wednesday. Most recently, $ 1.2210 was paid. The European Central Bank (ECB) had meanwhile set the reference rate at 1.2186 (Tuesday: 1.2225) dollars. The dollar cost 0.8206 (0.8180) euros.
US bond prices have risen slightly. The futures contract for ten-year treasuries (T-Note-Future) climbed 0.10 percent to 131.95 points. The yield on ten-year bonds was 1.59 percent./tih/men
— By Timo Hausdorf, dpa-AFX —
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