Stocks New York Outlook: Dow expected back above 30,000 points | 12/15/20

NEW YORK (dpa-AFX) – On Tuesday, the US stock exchanges should also go up again for the standard value indices. Three quarters of an hour before the start of trading, the broker IG estimated the Dow Jones Industrial (Dow Jones 30 Industrial) 0.63 percent up at 30,050 points. The NASDAQ 100 is also expected to be up. The day before, both the Wall Street Index Dow and the broad S&P 500 had closed somewhat weaker, while the technology-heavy Nasdaq indices started the new week with gains.

Investors continue to hope for a long-announced state aid package for the economy that has been hard hit by the pandemic. In addition, the meeting of the US Federal Reserve is approaching. The Fed plans to announce its monetary policy decisions on Wednesday. “It could also be a meeting without major measures, surprises and impulses,” wrote Milan Cutkovic from AxiCorp. “Fed Chairman Powell is more likely to emphasize the importance of further stimulus measures on the part of the state in order to reduce the risk of another recession.”

The fact that the mood in New York’s industrial companies surprisingly clouded over in December hardly affected pre-trading hours. This is followed by data on industrial production and capacity utilization before the stock market launch.

Among the individual values, Apple shares rose by 2.0 percent in the pre-trading session. As the Japanese business newspaper “Nikkei” reports, the group wants to increase its iPhone production in the first half of 2021 by 30 percent.

Analysts’ ratings should move Bristol-Meyers Squibb (BMS) (Bristol-Myers Squibb) and Exxon Mobil (ExxonMobil) shares. BMS rose 2.2 percent and Exxon 1.0 percent ahead of trading. Goldman Sachs had made positive comments about the pharmaceutical stock and put it on the “Conviction Buy List” for particularly promising stocks. Wells Fargo commented positively on the oil stock and raised it to “Overweight” ./ ck / jha /

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