NEW YORK (dpa-AFX) – Wall Street picked up again on Tuesday after the weak start to the week. However, in view of the approaching reporting season for US companies and already high valuations, willingness to buy was limited. The hope for billions in economic aid from the designated US President Joe Biden and a further relaxed monetary policy of the central bank is offset by the ongoing corona pandemic.
The leading index Dow Jones Industrial recently gained 0.26 percent to 31,090.02 points. For the market-wide S&P 500 it rose by 0.26 percent to 3809.49 points. The Nasdaq 100 technology index, shaken the day before, rose 0.23 percent to 12,931.77 points.
Among the individual values, Tesla stood out with a plus of over six percent on one of the top Nasdaq 100 places. The shares of the electric car manufacturer largely made up for yesterday’s setback and approached the previous record high again.
At Goldman Sachs, thanks to a price gain of a good three percent, it was already enough for another record. The stocks, like the stocks of other banks, benefited from the sell-off in US government bonds with long maturities. The resulting increasing spread between short-term and long-term interest rates benefits the lending business of the financial institutions.
Uber stocks rose more than six percent, making them more expensive than ever before, even though Softbank’s Vision Fund announced it had sold roughly $ 2 billion in shares in the driver service broker. According to a filing with the SEC, Softbank still holds around 184 million Uber papers, which are worth almost $ 10.7 billion at the current price.
In the case of Zoom, despite the announced capital increase, it was enough for a price increase of over half a percent. The video conferencing service plans to replenish its coffers with a stock placement worth at least $ 1.5 billion. The timing is not particularly good for Zoom: The share price is currently around 40 percent below its high in mid-October.
Meanwhile, Walmart entered into a partnership with the financial investor Ribbit Capital to found a fintech startup. The share certificates of the trading group rose by almost one and a half percent./gl/he
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