NEW YORK (dpa-AFX) – The US stock markets should start trading on Tuesday with profits. This indicates a slight plus for the standard stocks on Wall Street, while the technology stocks that had slumped the day before should increase noticeably. Positive indications come from the European stock exchanges and a declining US dollar.
Three quarters of an hour before the start of trading, the broker IG valued the Dow Jones Industrial 0.30 percent higher at 31,898 points. On Monday, the leading US index had reached a record high and closed with an increase of around one percent. In contrast, the technology-heavy Nasdaq 100 index fell by around three percent.
The shares of Biontech gained 3.3 percent in the pre-market trading, those of the cooperation partner Pfizer 0.3 percent. The Covid-19 vaccine developed jointly by the two pharmaceutical companies showed a high ability to neutralize mutated virus strains that were first discovered in Brazil, Great Britain and South Africa.
Beyond Meat’s stocks rose 3.2 percent before the IPO. The products of the manufacturer of meat substitutes will in future also be available in the supermarkets of the Walmart retail group.
The shares of Stitch Fix collapsed pre-market by more than 22 percent after the online fashion retailer presented its business figures for the past quarter.
Gamestop’s shares continued their rally the previous day and rose another 12 percent before the market. The day before, the shares of the ailing video game retailer, last driven by speculators, had soared by more than 41 percent to their highest level since the beginning of February./edh/jha/
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