NEW YORK (dpa-AFX) – The US stock markets started trading on Tuesday with profits. Vaccine advances supported events in the markets, it said.
The Dow Jones Industrial climbed 0.55 percent to 31,978.00 points in the first half hour. The US benchmark index had reached a record high on Monday, but lost some momentum at the end of the day with an increase of around one percent.
In contrast, the technology-heavy Nasdaq 100 index fell by around three percent in the wake of rising bond yields. On Tuesday he managed to recover by 3.35 percent to 12,711.23 points. Apple and Tesla stopped their decline with price premiums of around three and a half and nine percent respectively. The market-wide S&P 500 has so far gained 1.52 percent to 3879.45 points.
The shares of Biontech gained around five percent, those of the cooperation partner Pfizer just under one percent. The Covid-19 vaccine developed jointly by the two companies showed a high ability to neutralize mutant virus strains that were first discovered in Brazil, Great Britain and South Africa.
Beyond Meat’s papers were up 2.7 percent. The meat substitute manufacturer is expanding its cooperation with the supermarkets of the Walmart retail group.
The shares of the online fashion retailer Stitch Fix collapsed by almost a quarter after business figures for the past quarter.
Gamestop’s papers continued their rally the day before and rose another 13.6 percent. The day before, the shares of the ailing video game retailer, last driven by speculators, jumped more than 41 percent to their highest level since the beginning of February./ajx/mis
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