NEW YORK (dpa-AFX) – Not much has happened on the US stock markets before the weekend. Investors were disillusioned with the still pending political agreement on another corona aid package. The Dow Jones Industrial (Dow Jones 30 Industrial) struggled after a listless and directionless trade to an increase of 0.16 percent to 30 046.37 points. The fluctuation around the 30,000 mark of the past few days thus continued. On a weekly basis, the Dow is down 0.7 percent.
It is true that the consumer climate of US consumers determined by the University of Michigan was noticeably better than expected in December. On the stock exchange, however, worries about the high number of corona infections and the uncertainty associated with the state aid package predominated. The market-wide S&P 500 closed 0.13 percent in the red at 3663.46 points. For the technology-heavy selection index NASDAQ 100 it went down 0.21 percent to 12,375.41 points.
“A disappointing week,” was the brief conclusion of the analyst Edward Moya of the trading house Oanda. There has been no progress in the negotiations on the corona aid package in the USA, the tussle over Brexit continues and there is bad news about a corona vaccine from the pharmaceutical companies Sanofi and GlaxoSmithKline. Investors therefore sought escape to gold as a safe investment, says Moya.
In terms of the aid package for the US economy, the leadership of the Republican Senate majority recently rejected a non-partisan proposal for a further stimulus package against the effects of the corona pandemic. The package should weigh more than $ 900 billion.
The shares of the Mainz biotech company Biontech fell 1.7 percent and those of the US partner Pfizer by 1.5 percent. According to US Secretary of Health Alex Azar, the US health authority FDA is working towards approval of the corona vaccine. The first vaccinations could start in the coming week. However, this could no longer give share prices any upward impetus.
The fact that Walt Disney expects a sharp increase in the number of subscribers to its streaming division by 2024 thanks to an expanded offering caused the entertainment giant’s shares to shoot up by almost 14 percent to a record high. Walt Disney is best positioned as a traditional media company to compete with the Internet giants worldwide for the increasing use of video via the Internet, said analyst John Hodulik of the bank UBS.
Oracle (Oracle) rose 1.9 percent after quarterly figures. The software company was able to increase sales despite the Corona crisis. The net profit of the SAP (SAP SE) competitor also increased. Qualcomm lost 7.4 percent. The news agency Bloomberg reported, citing informed persons, that Apple intends to manufacture modems for iPhones in the future. So far Qualcomm has been delivering these to Apple.
Shares in financial services company State Street rose 1.5 percent. The company is exploring options for its fund division, Bloomberg reported, citing informed circles.
The euro tended to be weak, trading at $ 1.2117 in late US currency trading. The ECB had previously set the reference rate at 1.2127 (Thursday: 1.2115) dollars, the dollar had thus cost 0.8246 (0.8254) euros. US government bonds rose slightly, the futures contract for ten-year treasuries (T-note future) rose 0.17 percent to 138.09 points, while the yield on ten-year bonds fell accordingly to 0.89 percent
— By Benjamin Krieger, dpa-AFX —
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