Börse Express – New York Stocks: Investors are becoming more cautious again

NEW YORK (dpa-AFX) – After the recovery rally of the past two days, investors on the US stock exchanges were again more cautious in the middle of the week. The leading index Dow Jones Industrial
gave on Wednesday by 0.12 percent moderately to 35,678 points. On the previous two days, the Dow was up more than three percent.

Investors remained cautious despite the rather encouraging news about the Omikron virus variant, wrote analyst Craig Erlam of the Oanda trading company. Much information is still lacking. The recent strong price fluctuations could therefore continue. If prices fall, however, buyers will come into the market, so a rally before Christmas cannot be ruled out.

The market-wide S&P 500 posted an increase of 0.15 percent to 4694 points on Wednesday. For the technology-heavy Nasdaq 100, which has risen more recently
it rose a little further at 0.26 percent to 16,368 points.

The pharmaceutical giant Pfizer and its Mainz partner Biontech were in focus. According to both vaccine manufacturers, three doses of their product are necessary for adequate protection against the Omikron variant. The courses could not benefit from this, however: After initial gains, both titles turned into the red. Pfizer recently lost 0.7 percent and Biontech 3.5 percent. Shares in Biontech competitor Moderna
on the other hand rose by 1.2 percent.

Blackstone’s papers fell 3.4 percent. Vice Chairman Hamilton James has sold a package of around 3.7 million Blackstone shares. James recently announced that he would be stepping down in January.

Investors took price gains with the semiconductor industry, which has recently rallied strongly. Intel , Texas
Instruments , Nvidia , Microchip Technology and NXP Semiconductors lost between one and a half and five percent ./bek/jha/

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0343 2021-12-08/19:57

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