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Equities New York Outlook: Dow close again at 30,000 points | 12/01/20

NEW YORK (dpa-AFX) – Economic hope and further positive vaccine news should bring the Dow Jones Industrial (Dow Jones 30 Industrial) back to the round mark of 30,000 points on Tuesday. He had skipped this for the first time last week. The broker IG estimated the New York benchmark index just under an hour before the start of trading with plus 1.02 percent to 29,942 points. Thus, the last month of the year on the stock market got off to a positive start, after November had already been exceptionally strong with an increase of almost twelve percent.

In China, the sentiment indicator for medium-sized and small industrial companies signaled a strong recovery in the important sector in November. This gave the stock exchanges in Asia and Europe a boost. In the US, industry sentiment data is also on the agenda in early trading.

Good news came from vaccine developers on Tuesday. The Mainz company BioNTech and the US pharmaceutical giant Pfizer applied to the European Medicines Agency (Ema) for approval of their corona vaccine in the EU. The manufacturer Moderna had previously submitted a corresponding application for its vaccine to Ema. Pfizer gained more than two percent before the IPO, Moderna around ten percent. Biontech, on the other hand, gave in a little this time.

In the pre-trading session, the titles of the video conference provider Zoom (Zoom Video Communications) went down by almost seven percent by numbers. Zoom continued to grow vigorously in the last quarter, but investors are no longer growing fast enough.

The oil company ExxonMobil announced high write-offs and is responding to the ongoing burdens from the Corona crisis with a major savings program. Before the trading session, the shares of the former Dow member gained almost two percent ./ajx/jha/

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