Indices in this article
NEW YORK (dpa-AFX) – The US stock exchanges only made a small step forward in early trading on Wednesday. During the course of the day, the Dow Jones Industrial (Dow Jones 30 Industrial) lacked the strength and the investors the necessary impetus to sustainably rise above the 34,700 point mark. The Wall Street price barometer was just 0.05 percent up at 34 591.10 points two hours before the end.
Other indices were also mostly unable to defend early gains. The market-wide S&P 500 recently only rose by just under 0.03 percent to 4203.17 points, while the technology-heavy NASDAQ 100 was down 0.17 percent. He last noted with 13,630.98 points.
Investors, so it was said in the market, are currently maneuvering between hopes of a strong economic recovery and worries that inflation will rise too sharply, which the US Federal Reserve could put under pressure with its loose interest rate policy. The day before, the US stock exchanges had lost their initial momentum for this reason and despite good US sentiment data.
Investors are currently on hold, according to an analyst. Due to inflation concerns, the players waited for further signals from the currency authorities as well as further important economic data in the course of the week, including the official labor market report on Friday. The expert sees a basis for a change in monetary policy, but no automatic end to the share rally.
On the corporate side, the papers of the video conferencing service Zoom (Zoom Video Communications) were turned down 0.9 percent after a firm start. Investors were therefore not persuaded by good quarterly figures. The company continues to grow rapidly thanks to the corona pandemic and was able to exceed analysts’ expectations with a multiple profit in the first quarter.
The bigger headlines continued to be made by the shares of AMC (AMC Entertainment A), which remain a plaything on the Internet for organized speculators. An impressive rally in the past few days culminated on Wednesday with a doubling of the share price and an interim record above the $ 70 mark. The rate has more than tripled within a week.
The price jump of almost 67 percent at the biotech company Constellation Pharmaceuticals, which is about to be taken over by the German MDAX group MorphoSys, was also very clear. The bid is $ 34, making the company’s equity worth $ 1.7 billion. As the course jumped, the course approached the price offered.
A big winner on the Nasdaq was the 3.4 percent higher shares of Moderna with a record high. The Covid-19 vaccine manufacturer is deepening its partnership with the Swiss Lonza group with another production line in the Netherlands. An additional 300 million vaccine doses should be produced there every year./tih/men
–
