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NEW YORK (dpa-AFX) – The US stock markets should pick up on their furious start to the week on Tuesday and open friendly. Around three quarters of an hour before the start of trading, the broker IG valued the Dow Jones Industrial (Dow Jones 30 Industrial) 0.36 percent higher at 29 263 points. The day before, the leading index had reached a record high in the course of trading and was close to the 30,000 point mark. Ultimately, the Dow had gained almost 3 percent.
The hope of an unexpectedly high effectiveness of a corona vaccine and its possible rapid approval should also give positive impulses on Tuesday. “The imagination is leaving the sectors that have profited from the corona virus pandemic. Investors are looking for companies and industries that now have economic uptake and will benefit from a revival in economic activity,” commented Comdirect market expert Andreas Lipkow.
The Biontech papers (BioNTech) listed on the US technology exchange Nasdaq jumped a further 5.0 percent upward in US trading, after having risen by 14 percent the previous day. Pfizer shares (Pfizer) gained 3.6 percent.
CureVac’s papers traded in the USA also advanced by 8.9 percent. They benefited from interim results of a phase 1 study on a Covid-19 vaccine candidate from the biopharmaceutical company. Like Biontech, Curevac from Tbingen is also working at full speed on a vaccine against the coronavirus.
The meat substitute manufacturer Beyond Meat suffered heavily from the Corona crisis in the third quarter and failed to meet expectations. The bottom line was a loss of $ 19.3 million. The revenue of the company, which is actually known for its rapid growth, only increased by a meager 2.7 percent. The shares plunged preliminarily by 21 percent.
The world’s largest online retailer, Amazon, is violating antitrust regulations according to EU competitors. The EU Commission accuses the company of systematically using non-public business data from independent retailers for its own retail business. If the competitors stick with their assessment, Amazon could face billions in fines. Primarily the Amazon titles fell by 1.9 percent./edh/fba
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