On Wednesday, the US stock market took a breather and all the leading indices on Wall Street fell.
The Dow Jones and S&P 500 both fell 1.16 percent, while technology-heavy Nasdaq ended down 0.82 percent.
Again, vaccine news was in focus, and final results from the study of Pfizer and BioNTech’s Covid 19 vaccine show an efficiency of 95 percent. Investors therefore weighed vaccine news against new coronary restrictions, the latter being weighed most heavily.
– The vaccine message has moved the conversation about returning to normal from if to when. The most important thing is that the message removed some of the long-term uncertainty, which has kept investors cautious, says investment strategist Bill Callahan in Schroders to CNBC.
According to the news agency, the United States now has an average of 157,000 cases of corona infection daily, which is 30 percent higher than last week.
– The market is balancing on a knife edge now. We can look six to 12 months ahead and see that several of the vaccines may be widely available and administered, and we can begin to return to normal life. At the same time, there will be many challenges when the disease works its way through the population, says investment strategist Ed Keon in QMA.
Tesla-rally
On Wednesday, Pfizer and BioNTech climbed 0.8 and 4 percent, respectively, on the vaccine novelty. Typical “Stay at home” shares made it strong after the announcement of the closure of the country’s largest school system, which helped send up Zoom and Peloton 3.3 and 2 percent.
However, the major technology stocks followed the broad market, and stocks such as Amazon, Microsoft, Alphabet and Facebook all fell over 1 percent.
US aviation authorities have now approved the Boeing 737 Max for flying after almost two years on the ground. The planes were parked all over the world after two accidents that claimed a total of 346 lives. The Boeing stock reacted initially, but corrected down 3.2 percent during the day.
Earlier this week, it was announced that Tesla will be included in the S&P 500 index. On Wednesday, the share ended up above 10 percent.
Fear, gold, oil and interest
The VIX index, popularly called the fear index, rose 3.48 percent to 23.51.
The gold price fell 0.88 percent and one ounce went at closing time for 1,688.6 dollars.
Brent oil is up 1 percent to $ 44.22 a barrel.
The 3-month interest rate fell by 0.5 basis points to 0.081 per cent.
The interest rate on the 2-year-old was unchanged at 0.175 percent.
The 10-year interest rate rose 0.3 basis points to 0.875 per cent.
The 30-year interest rate fell by 1.8 basis points to 1.607 per cent.
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