Stocks New York: desire to buy ebbs after some records

NEW YORK (dpa-AFX) – Investors’ initially unbroken desire to buy has given some US indices further records in early trading on Friday. The momentum then quickly subsided and so the Dow Jones Industrial fell clearly into the red. The leading index recently lost 0.45 percent to 30,901.97 points. For the first week of the year 2021, however, he is still heading for a profit of a good one percent.

Other indices again set higher records: the market-wide S&P 500 at 3824 points and the technology-heavy Nasdaq 100 above the 13,000 mark. Most recently, the S&P slipped 0.12 percent into the red to 3799.30 points. The Nasdaq selection index, however, defended an increase of 0.56 percent to 13,011.91 points.

According to Markets.com analyst Neil Wilson, investors initially hoped for a somewhat calmer political environment under President-elect Joe Biden following the recent political rulings in favor of the US Democrats. In doing so, they continue to rely on an expansion of economic aid and ongoing support from the central banks, said Wilson.

Investors in New York studied the disappointing job market data. The market first said that the US Federal Reserve would confirm its loose monetary policy. The hope of additional state aid, which was recently played on the market, was then put on the back burner with a report that the Senator of the state of West Virginia, Joe Manchin, rejected further direct aid payments.

Semiconductor stocks did not contribute to the comparatively good mood in the technology sector for long. After an optimistic sales forecast and a strong start, Micron shares slipped 2.2 percent into the red. For the first time in twenty years, the shares had traded above the $ 80 mark, then profit-taking began.

Tesla, on the other hand, didn’t get enough of investors on Friday either, the topic of e-mobility continues to attract them in droves. The papers of the electric car maker continued their record rally with a price jump of almost seven percent. After the stock split in August, they traded above the $ 850 mark for the first time.

Meanwhile, there was also speculation about a cooperation between Apple and Hyundai in the development of a self-driving electric car. On Friday, however, this had primarily driven the shares of the South Korean car manufacturer up by 19 percent. There was no clear reaction from Apple, the share was last up 0.2 percent.

At Boeing, the stocks were shaken by the fact that the disaster surrounding the 737 Max crash plane is costing the aircraft manufacturer dearly. The corporation is paying a fine of more than $ 2.5 billion to settle criminal proceedings. The shares were then traded 1.7 percent lower.

On the other hand, positive news supported the shares of vaccine developer Biontech. Its vaccine, which was developed with Pfizer, is also said to work against the new variants of the coronavirus, which were first detected in Great Britain and South Africa, according to an initial analysis. This comes from a study by scientists from the University of Texas and the US pharmaceutical company Pfizer. The Biontech shares listed in New York jumped 6.7 percent ./tih/he

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