Home » today » News » ROUNDUP / New York Stocks: Stabilized – Silver stocks jump high | 02/01/21

ROUNDUP / New York Stocks: Stabilized – Silver stocks jump high | 02/01/21

NEW YORK (dpa-AFX) – After significant losses in the previous week, the US stock exchanges stabilized on Monday. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) has so far gained 0.24 percent to 30 055.61 points. For the market-wide S&P 500 it rose by 0.66 percent to 3738.91 points. The technology-heavy NASDAQ 100 gained 1.21 percent to 13,081.13 points.

Sentiment data from the US industry for January was slightly worse than expected. According to Helaba, the level is still very high and speaks for a friendly perspective.

At the end of last week, the struggle between small speculators organized on the Internet and professional hedge funds, which were banking on falling prices, had a negative impact on the stock market. In the meantime, the first judicial authorities have intervened in the dispute over speculation with the shares of the video game retailer Gamestop (GameStop A) and other companies on the US stock exchange.

The broker Robinhood, which had already responded with usage restrictions, is further restricting trading in Gamestop shares and by a further seven companies, including AMC Entertainment (AMC Entertainment A). While Gamestop lost more than a quarter on Monday, AMC gained more than seven percent.

The precious metal silver now seems to have become the new object of speculation on the financial market. The price for a troy ounce (31.1 grams) rose on Monday for the first time since the beginning of 2013 above the 30 US dollar mark. Silver producer stocks shot up at the start of the week in New York. Pan American Silver, for example, gained a good 13 percent, First Majestic Silver almost 20 percent and Fortuna Silver Mines around 17 percent.

Curevac (CureVac) gained nearly twelve percent. Together with the pharmaceutical company Bayer, the production of the Covid-19 vaccine is to be expanded. A cooperation that had already been concluded at the beginning of January was expanded.

At the front of the Dow were the shares of Microsoft with plus two percent. In last place, the shares of the pharmacy chain Walgreens Boots Alliance lost two percent./ajx/fba

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