NEW YORK (dpa-AFX) – After taking a breather from the previous day, investors were back on stocks on the penultimate trading day of the year on Wall Street. Prices rose in early trading. New record reports for the stock market barometers Dow, S&P 500 and Nasdaq 100 have so far failed to materialize. The Dow (Dow Jones 30 Industrial) advanced in early trading by almost half a percent to 30,467 points.
Thanks to the corona vaccinations that have been launched around the world, investors are still betting on a radical economic recovery for 2021. In the middle of the week, another manufacturer, the British pharmaceutical giant AstraZeneca, received approval for a vaccine in Great Britain – other countries should follow soon.
The S&P 500, which depicts the broad US stock market, gained 0.35 percent to 3740 points. For the technology-heavy NASDAQ 100, it rose moderately by 0.09 percent to 12 855 points.
With a view to the end of the year, the owners of US stocks have little reason to complain: thanks to a never-before-seen recovery rally after the likewise historic price slump at the beginning of the corona pandemic in spring, the Dow is currently entitled to a plus of almost seven percent Beech. With the market-wide S&P 500 it is almost 16 percent and with the Nasdaq 100 even 47 percent.
Caterpillar papers were among the biggest winners in the leading Dow index on Wednesday. They gained 2.2 percent to $ 180.55. The US investment house Baird declared the shares of the construction machinery manufacturer to be the favorites for the coming year and increased the price target from 206 to 220 US dollars.
The shares of the entertainment company Walt Disney and the credit card provider Visa reached new all-time highs in the Dow. Walt Disney rose in price at the top of the Dow by 2.8 percent and visas by 2 percent.
The shares of the corona vaccine manufacturers were doing differently: The shares of Mainz BioNTech listed in New York fell by more than one percent, while the shares of the Tübingen vaccine manufacturer Curevac rose by a good three percent. Both titles had come under heavy pressure in the past few weeks./bek/fba
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