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, MARKET USA / Wall Street with a breather after a record hunt | message, Forex-News, Forex-News
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MARKET USA / Wall Street with a breather after a record hunt | message

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, MARKET USA / Wall Street with a breather after a record hunt | message, Forex-News, Forex-News


, MARKET USA / Wall Street with a breather after a record hunt | message, Forex-News, Forex-News

After the record hunt on Tuesday, Wall Street should take a break in the middle of the week. In the run-up to the holiday “Thanksgiving” on Thursday and the shortened trading on Friday, however, profit-taking could set in during the course of the year. The continuing hope that coronavirus vaccines will soon be available and the downhill process to election winner Joe Biden, which is now running smoothly, had the Dow Jones index rise above the 30,000 mark for the first time the day before.

“We are certainly in a much more optimistic position than we were a few weeks ago,” said Seema Shah, chief strategist at Principal Global Investors. “The market is trying to balance the short-term prospects of a winter wave of Covid cases and the more positive outlook in the medium term due to the vaccines. However, the medium-term prospects are still fraught with uncertainties,” added the participant.

The future on the S&P 500 is currently down 0.1 percent. A flood of US economic data could provide movement. Here investors should look primarily at the second reading of GDP for the third quarter, the weekly initial claims for unemployment benefits and the incoming orders for durable goods for October. The minutes of the US Federal Reserve meeting at the beginning of November then follow.

In terms of individual stocks, the focus should be on the shares of HP and Dell. PC maker HP has exceeded Wall Street’s expectations. The company also announced that it would increase the dividend by 10 percent in the 2020/21 financial year. The share rises primarily by 5.7 percent.

The Dell share remains unchanged. Here, too, the market forecasts were exceeded, but the group did not provide any information about the spin-off of the VMware subsidiary. This also presented quarterly figures. The manufacturer of cloud software exceeded market expectations in the third quarter and raised its annual outlook. Investors should take profits here as the stock has risen recently. The titles lose 0.3 percent.

Contact the author: maerkte.de@dowjones.com

DJG / ros / err

(END) Dow Jones Newswires

November 25, 2020 6:12 AM ET (11:12 GMT)



, MARKET USA / Wall Street with a breather after a record hunt | message, Forex-News, Forex-News

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, MARKET USA / Wall Street with a breather after a record hunt | message, Forex-News, Forex-News

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