NEW YORK (awp international) – Investors accessed the US stock exchanges on Monday. The Coronavirus variant Omikron initially lost its horror. Above all, the standard stocks in the Dow Jones Industrial were bought, which rose by 1.87 percent to 35,227.03 points. The leading index has now caught up with a large part of the price slide since the variant became known. He has gained 3.6 percent since the fall in the meantime to 34,000 points.
The market-wide S&P 500 rose by 1.17 percent to 4591.67 points on Monday. He and the Dow again outperformed tech stocks. The Nasdaq 100 selection index, which was shaped by these, made it into positive territory at 0.85 percent after the sell-off on Friday at the beginning of the week. At 15,846.16 points, it recovered from its lowest level since the end of October.
Even if the data situation on Omikron is still considered thin, the market pointed to more hopeful news from South Africa. Evidence that infections with the virus variant could be less dramatic encouraged investors to buy again. This was especially true for papers from traditional branches of industry and those branches that are particularly susceptible to developments in the Corona crisis.
In the travel sector, for example, airline papers were on the rise, especially those of American Airlines and United Airlines, with price jumps in the range of around eight percent. In the case of cruise stocks, too, investors lively took hold of them again, as price gains in a similar framework at Royal Caribbean and Carnival showed.
The Dow also had some profiteers associated with the travel industry. Here the shares of the aircraft manufacturer Boeing recovered by 3.7 percent in the wake of the aviation industry. The two credit card providers American Express and Visa included in the leading index are also considered by investors to be highly dependent on global travel. Their papers recovered a little more than three percent each.
Conversely, interest in vaccine stocks was rapidly lost, as setbacks of 18.7 and 13.5 percent at Biontech or Moderna showed. The two pioneers with their mRNA technology are currently testing the effectiveness of their vaccines against the variant. Should this develop only mild symptoms, the need for quick follow-up vaccinations could become less urgent, it was said on the market.
Tesla shares temporarily slipped below the $ 1,000 mark on the Nasdaq, and ended up closing just above it with a minus of 0.6 percent. Competitor Rivian fared better: After the strong IPO, there was recently a major setback, from which the share has now recovered by 11.6 percent. On Monday, some experts said they were positive in their initial assessments. Bank of America analyst John Murphy praised the well-designed business strategy.
The shares of Nvidia, which fell by 2.1 percent, were also under pressure on the Nasdaq. It became known to the graphics card and processor specialist that the planned takeover of the chip developer ARM would encounter official resistance. The DZ-Bank analyst Ingo Wermann no longer expects the takeover.
Otherwise, there were still a few stocks in the small caps area that were worth a look for investors. The shares of the US-listed Chinese Internet company Alibaba rose by 10.4 percent as a result of reported restructuring, in which the international e-commerce activities are being reorganized and management positions are being filled.
GCP Applied Technologies shares shot up 17 percent. The construction chemicals specialist is about to be taken over by the French building materials group Saint Gobain. At $ 31.64, the price approached the offer of $ 32.
The euro remained below the $ 1.30 mark. Most recently it cost $ 1.1283. The European Central Bank had meanwhile set the reference rate at 1.1287 (Friday: 1.1291) dollars. The dollar cost 0.8859 euros.
US Treasuries were not in demand due to the general rise in risk appetite among investors. The futures contract for ten-year Treasuries fell 0.58 percent to 131.42 points. The yield on ten-year government bonds was 1.44 percent./tih/jha/
— By Timo Hausdorf, dpa-AFX —
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