Friday November 27, 2020
The day after Thanksgiving, Wall Street was in a subdued buying mood. On the winning side is the Nasdaq Composite technology index, which reached a new record high. When it comes to the individual values, the papers from the vaccine manufacturer Moderna make people happy.
The US stock market ended the shortened trading session with profits after its holiday break. As on Wednesday, investors were particularly able to go to the technology exchange Nasdaq happy: While the selection index Nasdaq 100 ultimately climbed 0.9 percent to 12,258 points, the Nasdaq Composite set a new record right from the start.
On the other hand, it was enough Dow Jones Industrial in the end only for a plus of 0.1 percent to 29,910 points. The leading index thus clearly lagged behind its record of over 30,000 points from Tuesday. After all, it posted an increase in value of around 2.2 percent for the shortened trading week. For the broad market S&P 500 it went up by 0.2 percent to 3638 points – at times it was not even two points short of its two and a half week old record high.
Thursday was on the US stock exchanges because of the holiday Thanksgiving no trade took place. In addition, the closing bell was rung three hours earlier than usual on Friday. Because many market participants in the USA usually say goodbye to the Thanksgiving celebrations on a long weekend, trading activity remained rather calm.
Amazon benefits from Black Friday
In the US, too, investors were interested in the latest vaccine news from Europe. The pharmaceutical company Astrazeneca is planning additional studies on his corona vaccine after doubts about the study design and the high effectiveness of the agent had previously arisen. On behalf of the British government, the local supervisory authority will now review the drug.
While Astrazeneca shares in Europe ultimately recovered somewhat from the recent downturn, the corona vaccine manufacturer’s stocks continued Modern on Wall Street continued their record hunt: They rose by more than 16 percent. The papers of the US pharmaceutical company Pfizer and his partner in Mainz Biontechwhose vaccine candidate was also highly effective, won just under 2 and almost 5 percent.
The stocks of the oil companies Chevron and Exxon Mobil fell by around one and one and a half percent respectively. They followed the US oil prices, which fell slightly before the meeting of the Opec + oil network, and thus built on their most recent weakness after the previous price increase.
In view of the Black Friday focus on retail. Because of the Corona restrictions, customers are increasingly relocating their purchases to the Internet, something online retailers such as Amazon benefits. Its share certificates, however, only gained 0.3 percent.
You can read about trading on the Frankfurt floor in our stock exchange day.
The euro gained ground and reached its highest level since the beginning of September. Most recently, the common currency in New York cost 1.1953 US dollars. The European Central Bank (ECB) had set the reference rate at 1.1922 (Thursday: 1.1900) dollars and the dollar cost 0.8387 (0.8403) euros. US Treasuries gained somewhat despite the friendly Wall Street: The futures contract for ten-year Treasuries (T-Note Future) rose shortly before the end of the also shortened trading by 0.08 percent to 138.54 points. The yield on the ten-year bond was 0.85 percent.