NEW YORK (dpa-AFX) – Investors on Wall Street cautiously ventured out of cover at the beginning of the new week. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) rose moderately after a weak start. Two hours before the end he won 0.32 percent to 25,953.81 points. In the day’s high, he even made it over the mark of 26,000 points.
Investors continue to waver between hope and concern, it said. Hope that the global easing of the corona will help the economy back on its feet, but at the same time concerns that a recovery could stumble over a second corona wave. “Despite the rise in new cases of infection, the appetite for risk continues,” said market analyst Edward Moya of broker Oanda. He pointed out that confidence in the experience of how to deal with the virus is now higher.
The market-wide S&P 500 made it on Monday with 0.42 percent in the plus to 3110.72 points. The technology-heavy New York selection index NASDAQ 100 even rose 0.89 percent to 10 098.05 points. In this way, he consolidated the 10,000 point mark and, unlike the broader market, remains in touch with new records. His previous record is around two weeks old with 10 155 points.
The rally in technology stocks was once again noticeable in the industry giants Apple and Microsoft, whose papers each set new records with increases of around two percent. Software giant Microsoft’s papers were on the verge of breaking the $ 200 mark.
While the mood in the tech industry was good, the papers of American Airlines on the Nasdaq were negatively in focus with a discount of almost seven percent because the aviation industry is struggling with the serious consequences of the virus crisis. According to circles, the airline wants to raise $ 1.5 billion through the sale of stocks and convertible bonds to secure its financial position.
Otherwise, it was an analyst vote day. Two other Dow winners with plus 2.9 percent and plus 1.5 percent were Nike and Walmart. Walmart benefited from a buy recommendation from the UBS experts. In his study, analyst Michael Lasser held out the prospect of accelerated profit growth for the retail group.
For the Nike titles that have long been recommended for purchase, UBS named a price target of 122 dollars on Monday, which still leaves a lot of room for improvement. Analyst Jay Sole expects the sporting goods company that the figures for the fourth quarter of the financial year will spread a good mood in the market and boost the share.
For the payment processor PayPal, it went up 3.4 percent on the Nasdaq after Credit Suisse raised its target price from 140 to 190 dollars – and thus sees air within reach of a record. Analyst Timothy Chiodo believes the company is best positioned in the industry to benefit from the accelerated transition to digital payments.
However, there were also negative comments. A 1.6 percent drop in American Express was linked to another study by UBS. The experts at the major Swiss bank are now recommending that investors sell the credit card company’s paper – out of concern about changed consumer behavior and valuation risks.
Papers of Biotech-Company Biogen fell 2.2 percent after Barclays Bank canceled its previous buy recommendation. As the main reason for this, analyst Carter Gould cited the risk of losing a patent and the growing risk of generic products ./tih/mis
–
TRADE FOREIGN EXCHANGE WITH UP TO LEVER 30 NOW
Trade forex with high leverage and small spreads. With only € 100.00 you can benefit from the effect of € 3,000 in capital.
–
76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford the high risk of losing your money.
–
– .
