Home » News » Stocks New York: Dow attacks 30,000 points – S & P / Nasdaq with records | 12/3/20

Stocks New York: Dow attacks 30,000 points – S & P / Nasdaq with records | 12/3/20

NEW YORK (awp international) – The Dow Jones Industrial ventured again on Thursday above the 30,000 points. With an increase of 0.56 percent to 30,049.67 points, the Wall Street price barometer started another attempt to leave the recently contested mark behind.

Other indices even set new records with their increases. The market-wide S&P 500 recently rose by 0.29 percent to 3679.63 points. The tech-heavy Nasdaq 100 rose 0.38 percent to 12,504.23 points.

After a lame day before, investors dared to step out onto the floor a little more courageously on Thursday. They are eagerly waiting to see when the vaccinations against the coronavirus will start in the USA and Europe. According to analyst Craig Erlam from broker Oanda, a year-end rally is not yet off the table, especially since some approval decisions are still pending.

Erlam also considers it important that Washington agree on a new stimulus package this year, even if it is likely to be smaller than the Democrats would like. However, the weekly labor market data did not exactly increase the pressure on Thursday, the first-time applications surprisingly fell significantly.

A major pillar of the Dow was Boeing’s shares, which at the top of the Dow rose seven percent to their highest level since March. Shares from the aviation industry were in general demand again on Thursday, but Boeing also saw the low-cost airline Ryanair express a vote of confidence in the 737 Max crisis jet, which has just been re-approved for air traffic, with a larger order.

On the Nasdaq stock exchange, the Tesla shares attracted attention once again, which these days are facing a difficult hurdle with the 600 dollar mark. This time it was 3.4 percent high, but this was not quite enough for a new test of this brand. It was supported by the fact that Goldman Sachs recommended buying the shares with a price target of $ 780.

The shares of the newcomer Snowflake, which were still weakly anticipated before the trading day, turned the tables at full speed in official trading. With a price jump of 13.6 percent, they were back in touch with the previous $ 342 high from late November. Analysts praised the software developer’s increase in sales. A sales outlook that initially met disappointed voices was described by experts as conservative.

The feedback on the numbers of the retailer Kroger was less good, here the papers fell by 4.3 percent on Thursday. The supermarket chain said that the outlook indicated that the sales growth achieved in times of the pandemic might not be permanent.

The papers of the pharmacy and drugstore chain Walgreens Boots Alliance, which are listed in the Dow, fared better, increasing by 6.5 percent. The day before, it was said that the company was preparing to administer corona vaccines across the US. The rally this triggered continued. Above the chart-relevant 200-day average line they showed new momentum./tih/he

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