NEW YORK (dpa-AFX) – The lively recovery in share prices on Wall Street from the beginning of the week continued on Tuesday. Concerns about the economic consequences of the spread of the new Corona variant Omikron continued to decline. The leading index Dow Jones Industrial
The prices on the technology-heavy Nasdaq stock exchange rose even more than the Dow. The Nasdaq 100
rose by 2.07 percent to 4686.75 points.
According to US immunologist Anthony Fauci, the omicron variant of the coronavirus could cause less severe disease courses. In the cases that are currently being evaluated, the course of the disease is relatively mild. Fauci warned, however, that it was too early for a final assessment.
First indications from South Africa indicated a significantly shorter hospital stay for an infection with Omikron than for the Delta variant, wrote analyst David Mackie of the investment bank JPMorgan. This could “play a major role in easing the pressure on health systems in the event of a strong wave of infections with Omikron”.
The shares of the chip company Intel
Apple shares rose 3.5 percent to another record high. Alongside the general rally in tech stocks, fueled a comment from Morgan Stanley. The experts at the US bank expect the iPhone manufacturer to benefit from new products in the business with so-called virtual reality and autonomous driving.
At the end of the Dow, the shares of Merck & Co were down 1.6 percent
In addition to stocks from the technology sector, they were also looking for stocks from the financial industry. That’s how Goldman Sachs won
The Euro
As on the previous day, US government bonds were not in demand due to the general increase in risk appetite among investors. The futures contract for ten-year Treasuries fell 0.19 percent to 131.09 points. The return on ten-year government bonds was 1.48 percent./bek/jha/
— By Benjamin Krieger, dpa-AFX —
ISIN US2605661048 US6311011026 US78378X1072
AXC0341 2021-12-07/22:22
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