At the end of the week, investors on the US stock exchanges keep their powder dry. With the leading index Dow Jones Industrial
, which has grown 0.9 percent in the course of the week so far, a subdued start is emerging before the long weekend. The broker IG estimated it an hour before the start 0.08 percent lower to 31,408 points. A quick record above the 31 543 points reached the day before is therefore initially unlikely on Friday. There will be no trading in New York next Monday on the occasion of “George Washington Day”.
The day before, new concerns about US relations with China had already cost the Dow a few points and ultimately pushed the benchmark index just under minus, while the market-wide S&P 500 and the Nasdaq 100 remained in the plus. In general, the decline in the number of infections in the USA and the increasing pace of vaccination recently raised some hope during the pandemic. “This makes economic easing more likely,” wrote economist Claudia Windt from Helaba.
To promote the vaccination campaign, the US government worked with manufacturers Moderna and the Biontech
-Cooperation partner Pfizer signed a contract for 100 million additional corona vaccination doses each. Moderna shares then gained 1.2 percent on the Nasdaq pre-market, but Pfizer and Biontech shares hardly react to the report.
Meanwhile, however, investors are still waiting for progress with the planned economic aid. “In the US, the adoption of the first huge fiscal package under the Biden administration is getting closer,” says Robert Greil, chief strategist at Merck Finck. As BayernLB wrote, the Democrat Nancy Pelosi is hoping to see it passed by the end of the month. In terms of the economy, consumer confidence determined by the University of Michigan is likely to be in focus on Friday.
Walt Disney shares advanced pre-market after the quarterly figures by 1.7 percent. The pandemic continues to weigh heavily on the entertainment group, but due to the booming streaming business, it returned to the black in the first quarter of the business year and exceeded expectations. According to DZ analyst Manuel Müh, the group is on the “slow path back to normal”. On the whole, Disney is getting through the crisis well, according to the expert.
Otherwise there were figures from the website service provider VeriSign
. These were well received by investors, with shares gaining 4.8 percent before the IPO ./tih/fba
ISIN US2605661048 US6311011026 US78378X1072
AXC0246 2021-02-12/14:52
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