NEW YORK (dpa-AFX) – After initial records, Wall Street paid tribute to its good run at the beginning of the new year. The US leading index Dow Jones Industrial (Dow Jones 30 Industrial) closed at 1.25 percent in the red at 30,223.89 points, but at least showed itself to have recovered from its daily low. For the market-wide S&P 500 it finally went down on Monday by 1.48 percent to 3700.65 points and the selection index NASDAQ 100 lost 1.50 percent to 12 694.67 points.
Most recently, the corona vaccination campaigns started around the world and a new US state aid package for the world’s largest economy supported share prices. But in view of the uncertainties about the upcoming important Senate elections in the US state of Georgia and the concern that the corona contagion numbers have presumably increased even more over the holidays, investors cashed in.
The election of the two senators in Georgia determines the political majority in the second chamber of parliament. In the House of Representatives, President-elect Joe Biden’s Democratic party comrades hold a majority.
Among the individual values, the electric car manufacturer Tesla was once again worth a look with its ongoing record hunt. Unlike the market, the stock held its gains, rising nearly three and a half percent to nearly $ 730. Tesla delivered almost half a million vehicles in 2020, more than ever before.
In contrast, a 41 percent drop in the price of the lithium battery manufacturer Quantumscape (QuantumScape A) wiped out a large part of the previous week-long surge in the share. The fault was disappointed hopes that the technology company Apple could rely on Quantumscape’s products for its electric car project.
The shares of MGM Resorts International lost nearly six percent. The casino operator wants to buy the British online gaming provider Entain (GVC) for around 8.1 billion pounds. In return, treasury shares are offered, but a certain amount of cash payment is also promised. MGM had already bid for Entain last year and was dismissed. The British also rejected the current bid.
Titles from thermal imaging camera specialist Flir Systems rose by around 19 percent to $ 52.27 thanks to the acceptance of an approximately eight billion dollar takeover offer from conglomerate Teledyne. This values Flir Systems at a mathematical $ 56 per share. Teledyne papers lost a good seven and a half percent.
The euro presented itself in a friendly way – after a high since April 2018 at over 1.23 US dollars, the common currency was worth 1.2243 dollars in New York trade. The European Central Bank (ECB) had set the reference rate at 1.2296 (Thursday: 1.2271) dollars and the dollar had cost 0.8133 (0.8149) euros.
In view of the losses on Wall Street, US government bonds turned positive after a cautious start: the futures contract for ten-year Treasuries (T-Note Future) rose by 0.09 percent to 138.15 points. The yield on the ten-year bond was 0.92 percent./gl/he
— By Gerold Löhle, dpa-AFX —
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