Börse Express – New York Stocks: Weak start expected

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The disappointment with the results of the latest US Federal Reserve meeting continues in New York: The broker IG assessed the Dow Jones Industrial on Thursday three quarters of an hour before the start of trading, around one percent lower at 27,741 points.

In the middle of the week, the best-known American share index had only benefited briefly from the prospect of a year-long continuation of the US Federal Reserve’s zero interest rate policy and ultimately maintained a modest price gain. For the indices on the Nasdaq technology exchange, things had even gone significantly downhill, which could now continue: the stocks of major industry representatives such as Apple , Amazon , Alphabet
and Facebook were already clearly in the red before trading began.

The Biontech shares listed in New York
prices increased by almost three percent. The Mainz biotech company is pressing ahead with preparations for the mass production of a possible corona vaccine after it has been approved for the market. For this purpose it wants from the Swiss pharmaceutical company Novartis take over his plant in Marburg.

In contrast, the shares of Snowflake paid with a minus of about six percent the price fireworks when yesterday jumped on the trading floor a little tribute. The price of the software specialist had more than doubled on its first day of trading on the New York Stock Exchange. The company previously raised $ 3.36 billion and was valued at more than $ 30 billion in total. Snowflake thus achieved the biggest premiere of the year on the US stock market to date. The expectations of the company are high; for once, even star investor Warren Buffett took part on a large scale with his investment company Berkshire Hathaway ./gl/men

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0261 2020-09-17/15:04

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