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New York stocks conclusion: indices fight back against new virus variant | 12/21/20

NEW YORK (dpa-AFX) – The US stock exchanges reacted quite robustly to a new, possibly far more contagious variant of the corona virus on Monday. This is spreading rapidly in Great Britain, which is why more and more countries are closing themselves off from the United Kingdom. While there were clear losses at the beginning, investors were somewhat more confident over the course of the year and weighted the long-awaited announcement of an agreement in the US Congress on another economic stimulus package higher again. The leading index Dow Jones Industrial (Dow Jones 30 Industrial) even closed up 0.12 percent to 30,216.45 points.

The market-wide S&P 500, on the other hand, lost 0.39 percent to 3694.92 points, also burdened by high price losses of the index heavyweight Tesla. The shares of the electric car manufacturer have been included in the index since Monday. For the technology-heavy NASDAQ 100, it fell 0.38 percent to 12,690.26 points. This means that the New York stock market indices, which set further records last Friday, fared better than the battered European trading venues. / Ajx / fba

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