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Wall Street continues record hunt

NEW YORK (dpa-AFX) -The optimism about the corona aid package for the US economy signed by US President Joe Biden as well as better than expected economic data should keep Wall Street on a record course on Monday. The broker IG assessed the Dow Jones Industrial an hour before the start it was 0.20 percent higher to 32,845 points, after having risen by a little more than 4 percent in the previous week and setting records for five days in a row. For the Nasdaq 100 Meanwhile, on Monday it should also go down moderately, as indicated by IG.

There were positive signals from economic data: The Empire State Index, which measures business activity in the manufacturing sector in New York State, surprisingly brightened significantly in March.

Among the individual values, Alibaba and GenMark Diagnostics should come into focus. The papers of the Chinese trading giant Alibaba gave way before the start of trading by almost 2 percent and suffered from a report in the “Wall Street Journal”. According to this, China is asking Alibaba to sell its media holdings.

Roche is acquiring GenMark, a company listed on the Nasdaq, for $ 24.05 per share. This equates to a total of approximately $ 1.8 billion on a diluted basis. Before the trading day, the shares shot up by almost 30 percent.

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