NEW YORK (dpa-AFX) – Even in the middle of the week, the US stock exchanges continued to rise. The technology-heavy Nasdaq stock exchange even reported highs on Wednesday, as did the market-wide S&P 500 index. As on the previous day, investors were betting on the new US President Joe Biden and the trillion dollar aid package from the Democrats for the country’s economy. For the leading index Dow it went up with plus 0.55 percent to 31,100 points, it initially owed another record high.
The Nasdaq 100 advanced 1.88 percent to 13,240 points. Like the market-wide Nasdaq Composite, it reached a record high. Last but not least, the strong quarterly figures of the streaming provider Netflix caused new price fantasy. The shares shot up by up to 15 percent and also hit a record high. The S&P 500 went up 1 percent to 3837 meters.
The trading day is all about the inauguration of the new US President. Two and a half months after the election, Democrat Joe Biden will be sworn in as the 46th President of the United States this Wednesday at 6:00 p.m. CET. The era of Donald Trump ends after four years – the Republican was voted out after only one term. The market is now concentrating on the announced trillion dollar economic aid to combat the pandemic, said analyst Jeffrey Halley from the trading house Oanda.
Netflix grew strongly towards the end of the year thanks to series hits such as “The Queen’s Gambit”, “Bridgerton” and “The Crown” and despite intensified competition. The business figures clearly exceeded our own forecast and the expectations of the analysts. In terms of the number of paying subscribers, the company cracked the 200 million mark. With the price rally, the company is now valued at more than $ 250 billion on the stock exchange.
Alibaba’s shares, which are also listed on the Nasdaq, advanced by six percent. For the first time since the end of October, the founder of the Chinese online giant, the billionaire Jack Ma, appeared again in public. Chinese state media broadcast a video message by the 56-year-old reportedly targeting 100 teachers in rural areas. Ma announced in the video that she wanted to do more for charitable purposes than before. The billionaire had not appeared publicly since the end of October since he sharply criticized the Chinese regulators in a speech.
The two titles Procter & Gamble and UnitedHealth contained in the Dow Jones Industrial were unable to provide any positive impetus with their quarterly figures. Both the shares of the consumer goods manufacturer and those of the health insurer fell moderately./bek/he
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