Nasdaq and S&P 500 sharpen records | Financial

The Nasdaq closed 1.3% higher, while the S&P 500 was up 1.1%. The Dow Jones index rose 0.6%. In November, the Dow was also already almost 12% higher by investors. The S&P shot up 10.8% last month and the Nasdaq even gained 11.8%.

Investors on Wall Street also processed statements Fed President Jerome Powell gave to a Senate committee on Tuesday. He said the situation surrounding the economic recovery from the corona pandemic is still uncertain, despite the corona vaccines. The American central bank umbrella therefore remains ready for further stimulus measures if needed.

In the meantime, there is movement on the political level around negotiations for extra corona support. A group of Republican and Democratic members of Congress have proposed facing small business owners with $ 908 billion in emergency financial aid.

The American Pharmaceutical Pfizer (+ 2.9%) and the German biotech company BioNTech (-8.2%) have applied for authorization to market their corona vaccine in the European Union. The European medicines authority EMA will evaluate the first vaccines. This assessment may be completed before the end of the year. The cooperating pharmaceutical companies are neck and neck with Modern (-7.7%), who applied for approval on Monday for its corona vaccine in both the EU and the United States.

Attention was paid to the quarterly figures front Zoom Video Communications (-15.1%). The online meeting service again benefited enormously in the third quarter from the much work from home due to the corona crisis and saw the results increase very strongly, as did the number of users. Zoom did warn against pressure on the margins.

ExxonMobil (+ 1%) could also count on investor interest. The oil and gas company is forced to a large write-off due to the problems in the energy market, partly as a result of the corona virus. ExxonMobil expects to put between $ 17 billion and $ 20 billion in impairments on its books.

Home rental platform Airbnb aims to raise up to $ 2.6 billion from investors with an initial public offering on the Nasdaq. That would make the American company worth up to $ 35 billion. It is not yet known when Airbnb is listed on the stock exchange.

Companies with a listing on the Nasdaq will soon have to meet diversity requirements to maintain their listing. The operator has requested permission to do so from the American stock exchange watchdog SEC. The companies must have at least one woman on the board and one LGBTQ person or someone from a minority group.

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