Home » today » Business » Nasdaq has a gloomy day; Dow gives up profit after peak above 35,000 points | Financial

Nasdaq has a gloomy day; Dow gives up profit after peak above 35,000 points | Financial

The Dow Jones Index ends 0.1% lower at points 34746, after an intermediate high of 35,080 points. The broadly curated S&P 500 dropped 1% to 4188 points. The Nasdaq fell 2.6% to 13,401 points.

Large tech funds are under considerable pressure. Apple saw 2.5% of the price evaporate. Tesla is down 6.3%.

Biotechnology company BioNTech shoots up 10%. That company increased its sales expectations as a result of the enormous demand for its corona vaccine. The German company, which is also listed in New York, also entered into a partnership with the Chinese Fosun Pharma. Until now, that company was only a distribution partner, but BioNTech and Fosun will now also produce vaccines in China.

American airlines were asked by politicians to refund people for their booked trips that could not go through due to corona. That could mean a combined cost of $ 10 billion. Delta Air Lines loses 1.4%.

Meat processor Tyson Foods (minus 0.1%) performed better than expected in the past quarter and increased its revenue forecast. The beef sector in particular recovered.

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