Home » today » News » Equities New York Outlook: Clear gains after a long weekend | 06/01/21

Equities New York Outlook: Clear gains after a long weekend | 06/01/21

NEW YORK (dpa-AFX) – Investors on the US stock exchanges can hope for rising prices on Tuesday after the long weekend. A good hour before the start of trading, broker IG valued the leading index Dow Jones Industrial (Dow Jones 30 Industrial) 0.78 percent higher at 34,798 points. The technology-heavy selection index NASDAQ 100 sees IG 0.42 percent plus at 13,744 points.

In light of the rapidly advancing corona vaccination campaign in the United States, investors are apparently increasingly trusting a significant economic recovery. A number of economic data over the course of the week could support those hopes, particularly the upcoming labor market report on Friday.

According to data from the CDC health authority on Sunday, more than half of the population has now received at least one vaccination. In addition, only around 12,000 new infections were reported on Saturday, which is the lowest value since the outbreak of the pandemic in March last year.

Meanwhile, the company’s quarterly reporting season is drawing to a close. Only the numbers of the video conference service Zoom (Zoom Video Communications) and the computer company Dell (Dell Technologies) are on the agenda – but only after the closing bell on Wall Street.

Meanwhile, shares in cloud specialist Cloudera shot up by over 23 percent to $ 15.88 thanks to a takeover bid. Affiliates KKR and Clayton Dubilier & Rice (CD&R) are offering $ 16 in cash per Cloudera share, implying a total valuation of $ 4.7 billion. After the takeover, they want to take Cloudera off the stock exchange. The shares of the self-listed KKR rose by a good half a percent.

The titles of the cinema operator AMC (AMC Entertainment A) Entertainment and the video game retailer GameStop rose by almost 17 and almost five percent respectively. AMC reported a second round of funding in less than three weeks that raised the company about $ 230 million through the issuance of new shares. The share price has tripled since the previous $ 430 million round of financing in mid-May.

AMC and Gamestop were recently among the best-selling titles on the financial app Robinhood. This had made headlines in recent months with speculation by small investors with Gamestop and other titles.

The shares of the oil giants Chevron and Exxon Mobil were given a strong boost in prices for the important raw material: they each gained more than one and a half percent ./gl/jha/

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