After a double record on Tuesday, there were no major changes on Wall Street on Wednesday.
NEW HEIGHTS: The technology-heavy Nasdaq index ended above 15,000 points for the first time on Tuesday, but on Wednesday there were small effects.
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The three indices developed flat in pre-trading on Wednesday afternoon, which was in line with the development on other European stock exchanges such as in Germany and Italy – and the development continued beyond the trading day. This is what Wall Street looked like when trading closed on Wednesday:
- S&P 500 up 0.22 percent
- Nasdaq Composite up 0.15 percent
- Dow Jones down 0.11 percent
This is the fifth day in a row that the S&P 500 and Nasdaq have risen.
Bank shares contributed to the rise. Bank of America, Citigroup and JPMorgan were all up around two percent.
Of the US key figures that have ticked in on Wednesday, order intake for durable goods in the US, which showed a slight decline of 0.1 percent in July on a monthly basis, according to preliminary figures from US statistics authorities. It was previously expected to fall by 0.3 per cent.
On Tuesday, the S&P 500 closed for the ninth record listing in August and so far this year the index is up more than 19 percent. This means that it is on track to go 10 months in a row without a 5 percent decline, according to Bloomberg. By the way, the Nasdaq index closed for the first time ever above 15,000 points on Tuesday, reports CNBC, and adds that despite the fact that the Dow Jones also rose during the day, it closed 0.7 percent away from the record listed on 16 August. On Wednesday, the S&P 500 was listed above 4,500 points for the first time, but ended just below when trading was stopped at closing time.
A “booster shot” of Johnson & Johnson’s vaccine generates virus-fighting antibodies nine times higher than what has been observed four weeks after a single dose, the company reports. The vaccine that has received emergency approval in the United States originally requires only one dose, and recipients of the vaccine are considered fully vaccinated two weeks after the first dose.
The J&J share was down 0.7 percent.
Otherwise, on Wednesday, President Joe Biden will meet with top executives in several of the largest companies in technology, financial services, insurance, energy and education to talk about how to combat cybersecurity challenges. The event will be attended by the CEOs from Amazon, Apple and JPMorgan Chase, among others, and the event comes after several American companies have experienced cyber attacks, writes CNBC.
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