NEW YORK (dpa-AFX) – The US stock exchanges reacted quite robustly to a new, possibly far more contagious variant of the corona virus on Monday. This is spreading rapidly in Great Britain, which is why more and more countries are closing themselves off from the United Kingdom. While there were clear losses at the beginning, investors were somewhat more confident over the course of the year and weighted the long-awaited announcement of an agreement in the US Congress on another stimulus package higher again. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) even closed up 0.12 percent to 30 216.45 points.
The market-wide S&P 500, on the other hand, lost 0.39 percent to 3694.92 points, also burdened by high price losses of the index heavyweight Tesla. The shares of the electric car manufacturer have been included in the index since Monday. For the technology-heavy NASDAQ 100, it fell 0.38 percent to 12,690.26 points. This means that the New York stock market indices, which set further records last Friday, fared better than the battered European trading centers at the beginning of the week.
The US financial sector was supported by the latest assessments by the Federal Reserve, which classified the largest American financial institutions as crisis-proof after a corona stress test and relaxed certain requirements to protect capital resources. Share buybacks are allowed again in the first quarter. The shares of Goldman Sachs then went up at the top of the Dow by more than six percent, JPMorgan (JPMorgan ChaseCo) rose in price by 3.75 percent.
Nike’s papers reached a record high after strong quarterly figures that the sporting goods manufacturer had already presented on Friday evening after the stock market closed. Several analysts raised their price targets. The Nike stocks finished trading nearly five percent higher in second place in the Dow. The weakest value in the index were the shares of the chip manufacturer Intel, which widened their Friday discounts with minus 2.32 percent.
The titles of the electric car manufacturer Tesla fell by six and a half percent. On Friday they had another record close to the $ 700 mark. Managers of funds that replicate the S&P 500 had to buy the shares in the course of the index rise. On this Monday, the shares paid tribute to their rally.
The euro made up for its losses in US trading, costing $ 1.2230 after the market closed. The European Central Bank (ECB) set the euro reference rate at 1.2173 (Friday: 1.2259) dollars, which means that the dollar had cost 0.8215 (0.8157) euros.
Ten-year US Treasuries reduced their price gains. The futures contract (T-Note Future) was only 0.06 percent up to 137.82 points. The return was 0.935 percent./ajx/fba
— By Achim Jüngling, dpa-AFX —
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