Börse Express – New York stocks: Dow stagnates after record high

NEW YORK (dpa-AFX) – The US stock markets posted slight gains on the penultimate trading day of an extremely successful stock market year. Investors are counting on the fact that, despite the increasing number of infections, the Omikron variant of the coronavirus will not have a lasting impact on the economy. The Dow Jones Industrial
rose to another record high of 36,679 points in the first few minutes of trading on Thursday, after having already reached a high in the closing trade the previous day.

On Thursday, the Dow was last 0.07 percent higher at 36 514.73 points. The US leading index is thus heading for an annual profit of around 12 percent. The S&P 500
gained 0.15 percent on Thursday on 4800.45 points. Before that, it had also reached a record high. The Nasdaq 100
rose 0.35 percent to 16,548.81 points. This looks much better for the technology-heavy index – viewed over the year -: The annual balance sheet so far is up 28 percent.

Even before the start of trading, the numbers for the weekly initial claims for US unemployment benefits were published, which were better than forecast. According to the analyst Jeffrey Halley from the dealer Oanda, they should ensure good mood in the market. In addition, the business climate in the Chicago region – as measured by the local purchasing managers’ index – brightened more strongly than expected in December.

Investors are focusing on the late-day phone call between US President Joe Biden and Vladimir Putin on the subject of Ukraine. In the event of further military intervention in Ukraine, Biden threatens the Russian head of state with severe sanctions. The Russia-Ukraine conflict is also seen as a key geopolitical risk in the first few weeks of 2022. A further escalation of the conflict should also put the stock markets in severe turbulence, believes capital market strategist Jürgen Molnar from trading house Robomarkets.

The shares of Micron Technology were among the individual stocks
with a minus of 1.0 percent a little more under pressure. The semiconductor company had warned that the ongoing lockdown in the Chinese metropolis Xi ?? an could affect its semiconductor production. A trader said the region accounts for around ten percent of the world’s production capacity for so-called Nand chips. The Micron titles had jumped significantly a few days before Christmas because the company had given an optimistic outlook due to high demand for chips.

Biogen fell 8.0 percent after electronics company Samsung denied a report in the Korea Economic Daily on talks about a takeover of the US biotech company. The day before, after speculation about the takeover, Biogen had jumped 9.5 percent.

That the electric car manufacturer Tesla In the USA, almost half a million cars are recalled because of defects that may be dangerous to security, left investors cold, the shares fell by only 0.04 percent. The recall affects 356,000 “Model 3” cars built between 2017 and 2020. There are also 119,000 “Model S” vehicles from 2014 to 2021 due to the risk of the bonnet opening unexpectedly.

The shares of the ride operator Uber and lift
rose after the latest quarterly figures of the Chinese counterparty Didi by 1.8 percent each./edh/he

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0213 2021-12-30/20:05

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