Home » today » News » ROUNDUP / New York Stocks: Gains After Holiday – Nasdaq Composite at Record | 11/27/20

ROUNDUP / New York Stocks: Gains After Holiday – Nasdaq Composite at Record | 11/27/20

NEW YORK (dpa-AFX) – The US stock market is heading towards a friendly end of the week after the holiday break. Similar to Wednesday, investors were particularly happy on Friday on the Nasdaq technology exchange: While the NASDAQ 100 selection index climbed 1.11 percent to 12,287.33 points, the Nasdaq Composite (NASDAQ Composite Index) made it right at the beginning again on a record.

In contrast, the Dow Jones Industrial (Dow Jones 30 Industrial) was only last enough for an increase of 0.22 percent to 29,939.10 points. This will make it difficult for the leading index to break its record well over 30,000 points on Tuesday. After all, the shortened trading week shows an increase in value of around 2.3 percent. The market-wide S&P 500 rose 0.37 percent to 3642.94 points on Friday – it is only a few points short of its two and a half week old record high.

No trading took place on Thursday on the US stock exchanges due to the Thanksgiving holiday. On this Friday, the final bell will ring at 7 p.m. Central European time – three hours earlier than usual. Because many market participants in the USA usually say goodbye to the festivities in a long weekend, a rather quiet trading day is likely ahead.

In the US, too, investors were interested in the latest vaccine news from Europe. The pharmaceutical company AstraZeneca is planning additional investigations into its corona vaccine, after doubts about the study design and the high effectiveness of the agent had previously arisen. On behalf of the British government, the local supervisory authority will now review the drug.

While AstraZeneca shares in Europe have recently recovered somewhat, the stocks of corona vaccine manufacturer Moderna continued their record hunt on Wall Street: They rose by 18 percent to 128.82 US dollars. The papers of the US pharmaceutical company Pfizer and its Mainz partner BioNTech, whose vaccine candidate also showed a high level of effectiveness, gained just under two and five percent respectively.

The shares of the oil companies Chevron and Exxon Mobil fell 0.6 and 1 percent, respectively. They followed the oil prices, which had come back from their recent highs before the meeting of the oil network Opec +, and thus continued their recent weakness after the previous price increase.

In view of “Black Friday” – the starting signal for the Christmas business – the focus was also on retail. Because of the Corona restrictions, customers are increasingly relocating their purchases to the Internet, which benefits online retailers such as Amazon. Its shares gained 0.9 percent, but lagged a little behind the Nasdaq development. / Gl / he

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