The foreseeable end of a week-long hangover for the presidency in the USA should be well received on Tuesday on Wall Street. Around an hour before the start of trading on Thursday, broker IG appraised the US leading index Dow Jones Industrial a good one percent higher to 29,920 points. The leading index just barely missed the jump over the hurdle of 30,000 points. This round brand continues to be the focal point of the stock market.
The transition between incumbent Donald Trump’s administration and President-elect Joe Biden begins. Trump announced on Twitter that he had instructed the authorities and his employees to cooperate with Biden. Shortly beforehand, the responsible authority had classified GSA Biden as the obvious winner.
This development “gave the market a nudge in the right direction,” wrote analyst Craig Erlam of the Oanda trading company. However, Trump’s long clinging to the office of president did not ultimately prove to be as stressful for the markets as previously feared. Now the question arises whether, after the decision in this matter and in view of the hopeful news about corona vaccines, there are still price drivers for a rally at the end of the year, “or whether investors prefer to clean up their portfolios and take profits off the table”, so the market expert.
Tesla shares are at another record high in pre-market trading gone up. They advanced by almost another 5 percent after climbing a record high the day before. The manufacturer of electric vehicles is now worth well over 500 billion US dollars on the stock exchange.
Airline stocks are likely to outperform. American Airlines rose in price before the trading day
, Delta Air Lines und United Airlines
between three and almost six percent./bek/fba
ISIN US2605661048 US6311011026 US78378X1072
AXC0265 2020-11-24/14:33
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