Home » today » News » Equities New York Outlook: Dow threatens to slide below 30,000 points again | December 8th, 2020

Equities New York Outlook: Dow threatens to slide below 30,000 points again | December 8th, 2020

NEW YORK (AP-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) could slide back below the 30,000 point mark on Tuesday. Concerns about the rising number of corona infections and lockdown measures in the United States pushed the soon-to-be-expected first vaccinations and hopes of a further economic stimulus package into the background.

A good hour before the start of trading, broker IG estimated the US benchmark index 0.27 percent lower at 29,988 points. At the beginning of the week it had climbed again to a record high, but then closed in the red. The technology exchange Nasdaq had also set new records and – unlike the Dow and the market-wide S&P 500 – held its ground in positive territory until recently.

After the announcement of a further capital increase, Tesla’s shares only lost around two percent. The electric car maker is using the latest record run to get up to five billion US dollars of fresh capital by issuing new papers. It is the third such step this year. The company needs a lot of money to expand. It wasn’t until the start of the week that stocks had risen to a record high of almost $ 649. This means that the price has increased almost sevenfold this year alone.

Uber’s titles lost almost two and a half percent. The driving service broker gives up the costly development of its own technology for self-driving cars. The corresponding department will be taken over by the robot car start-up Aurora, as both companies announced. Uber is also investing $ 400 million in Aurora, which will be given access to the Uber platform as a strategic partner ./gl/jha/

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