Technology exchanges firmer: Dow is slightly up again

Technology exchanges firmer: Dow is slightly up again

While the lockdown measures eclipsed the joy of advances in vaccine development in the markets, a CNBC report suddenly provided a boost. Accordingly, there could be a new attempt in Congress to resolve the dispute over corona aid.

After an easier start, the Stock prices on Wall Street up again in the course of trading positive Ground moved and closed near the daily highs. There were Technology stocks favoredbecause they are often seen as beneficiaries of the corona pandemic. The day before, the city of New York closed all schools again in view of the raging corona pandemic and imposed further restrictions, and in some states the anti-corona measures were tightened.

First pressed this Lockdown measures sentiment was lifted by a CNBC report. Accordingly, Democrats and Republicans in Congress could possibly increase again in view of the high corona numbers Talks about an aid package getting together. The US Federal Reserve has been calling for this for a long time, but the two sides have not yet been able to agree on the volume, among other things.

Nvidia 451,65

The Dow-Jones-Index hung up by 0.2 percent 29,483 points, the S&P 500 rose 0.4 percent. The Nasdaq indices gained up to 0.9 percent. According to initial information, there were 1,912 (Wednesday: 1,324) price winners, 1,163 (1,753) losers and 98 (91) unchanged shares on the Nyse. That the weekly Initial jobless claims rose for the first time in weeks and turned out higher than expected, underscored the urgency of another Stimuluspakets the government. Meanwhile, the Philly Fed index and new real estate data did better than expected.

The ups and downs are likely to last even longer with the factors corona pessimism and vaccine optimism, participants suspect. “The markets are trying to price in two very different impulses with two very different time periods,” says market strategist Hugh Gimber of JP Morgan Asset Management. The positive news about a vaccine concerns a time horizon of several months. This is offset by the short-term developments of the pandemic.

Nvidia uninspired by numbers – Gopro under pressure

The graphics chip manufacturer was able to Nvidia do not encourage purchases with good overall quarterly figures. Revenues in the automotive accessories division had also slumped by 23 percent and US sanctions against China could affect Nvidia. The share went little changed from the day. The beverage giant Coca Cola is confronted with a possible tax back payment because he is said to have shifted too many profits to foreign subsidiaries. Nevertheless, the price rose over the course of the market and closed 1.0 percent higher.

L Brands
L Brands 39,55

L Brands made a jump over 17 percentt, after the clothing company reported a profit again and a jump in sales of 14 percent. It was volatile Macy’s to, at the end there was a plus of 2.1 percent. The department store operator made a loss in its third quarter, but this was less than analysts had expected. Gopro plunged almost 14 percent after the camera manufacturer announced it would issue a $ 100 million convertible bond that runs until 2025.

Brent crude
Brent crude 43,92

Convertible bonds are generally earnings-diluting. Dollar up then down again. In parallel to the reports, the dollar was initially sought as a safe haven in times of crisis, but then fell back with the hope of extensive economic aid. The dollar index recently showed a very slight minus. The Oil prices were – parallel to the development on the stock market – a little higher recently. WTI cost 0.2 percent more than the previous day. Initially, the corona pandemic had a negative impact, as was the United Arab Emirates’ threat to withdraw from OPEC +.

According to an agency report, the country is questioning the benefits of belonging to the Alliance of Oil Producers. Gold continued to show its weaker side, at times also burdened by the stronger dollar. The troy ounce is cheaper by around 6 to 1,867 dollars. US government bonds met with moderate buying interest. The ten-year return fell 2 basis points to 0.85 percent.

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Author: Killian Jones
Graduated From Princeton University.He has been at the USTV since 2017.
Function: Chief-Editor

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