NEW YORK (dpa-AFX) – After new course records on Tuesday in early trading, the rally on the US stock exchanges has lost some of its momentum. The US leading index Dow Jones Industrial, which reached a historic high of 30,589 points shortly after the starting bell, was recently still moderately up 0.25 percent to 30,479 points.
Speculation about an even larger Corona stimulus package is fueling the record hunt. The market-wide S&P 500 and the selection indices on the technology-heavy Nasdaq stock exchange rose to further highs. The S&P 500 recently gained 0.20 percent to 3743 points. For the Nasdaq 100 it went up 0.23 percent to 12,868 points.
At the beginning of the week, investors around the world celebrated that the outgoing US President Donald Trump had given up his resistance to a corona stimulus package of around 900 billion US dollars passed by Congress. All major stock indices on Wall Street had then reached record highs. The US investment bank Goldman Sachs then increased its growth forecast for the US in the first quarter of 2021 from three to five percent.
With the demand that most US citizens receive a one-off aid payment of $ 2,000 per adult instead of the $ 600 stipulated in the agreement, Trump has now put his own party friends in a bind. Because the democratically dominated House of Representatives voted for Trump’s proposal thanks to republican dissenters with the necessary two-thirds majority.
Now the ball rests with the majority Republican Senate, which recently rejected a corresponding demand by the Democrats. Meanwhile, some Republicans in the second chamber of parliament signaled their support. They fear that their party could otherwise lose the upcoming by-election for the two senatorial posts in the state of Georgia.
If the democratic challengers win, there would be a political stalemate in the Senate. In the event of a tie, the vote of US Vice President-elect Kamala Harris would tip the balance in favor of the Democrats, who would dominate Congress and make it easier for future US President Joe Biden to push through his political agenda.
On the company side, the shares of the aircraft manufacturer Boeing were in focus on Tuesday with a plus of one percent. The airline American Airlines will be operating regular passenger flights again with the crisis jet 737 Max./bek/fba from Tuesday
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