Intel goes on sale on expectant Wall Street | Financial

Furthermore, investors are still awaiting the outcome of the negotiations on a new corona support package. Treasury Secretary Steven Mnuchin and Speaker of the House of Representatives Nancy Pelosi say an agreement is within reach.

The leading Dow Jones index ended 0.1 percent lower at 28,326 points. The broad S&P 500 gained 0.4% at 3,465 points and tech gauge Nasdaq also rose 0.4 percent to 11,548 points.

After much negotiation, Mnuchin and Pelosi are close to a deal for a support package of around $ 2 trillion. If such an agreement has been reached, the Senate still has to vote on it and it does not seem to be ready to give its approval for the time being. Moreover, after a deal has been reached, it still takes time to include it in a bill. However, investors are increasingly counting on the support actually coming.

Intel plunged 10.7%. The chipmaker suffered from production delays and less demand for chips for data centers. Partly due to the corona crisis, many companies and governments failed to place orders. Competitors Nvidia and AMD were up 2.4 percent.

There was also positive news about treatment for Covid-19. Gilead drug Veklury, previously known as remdesivir, is officially approved by the US FDA. Gilead previously received emergency approval in the US. Gilead stock won 0.2 percent. Furthermore, Johnson & Johnson (plus 0.1 percent) seems close to resuming its trial with a corona vaccine. It was previously interrupted due to unexplained problems in one of the participants.

Furthermore, American Express (minus 3.4 percent) with figures. The company’s customers also spent much less than usual in the third quarter, resulting in a sharply lower profit. Credit card holders did remain loyal to the company.

Toy maker Mattel benefited from increased demand for toys during the corona crisis and shot up 9.6%. Working at home parents tried to keep their offspring sitting at home sweet, and for Mattel that meant an increased demand for Barbie dolls and Hot Wheels cars. Mattel is also counting on higher sales during the holiday season.

The euro was worth $ 1.1854, against $ 1.1844 at the close of the European stock markets earlier in the day. A barrel of American oil became 2 percent cheaper at $ 39.82. Brent oil cost 1.8 percent less at $ 41.69 a barrel.

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