ROUNDUP / New York Stocks: Behavior in positive territory – investors are waiting for the next impetus | message
Indices in this article
NEW YORK (dpa-AFX) – The US stock exchanges took a small step forward in early trading on Wednesday. With its 34,673.77 points, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) was last up 0.28 percent. Other indices followed this hesitantly: the market-wide S&P 500 rose by 0.25 percent to 4,212.41 points and for the technology-heavy NASDAQ 100 it rose by 0.22 percent to 13,684.30 points.
Investors, so it was said in the market, are currently maneuvering between hopes of a strong economic recovery and worries that inflation will rise too sharply, which the US Federal Reserve could put under pressure with its loose interest rate policy. The day before, the US stock exchanges had lost their initial momentum despite good US sentiment data.
Investors are currently on hold, according to an analyst. Due to inflation concerns, the players waited for further signals from the currency authorities as well as further important economic data in the course of the week, including the official labor market report on Friday. The expert sees a basis for a change in monetary policy, but no automatic end to the share rally.
On the corporate side, the papers of the video conference service Zoom (Zoom Video Communications) were in demand with investors, good quarterly figures made them rise by 1.5 percent. The company continues to grow rapidly thanks to the corona pandemic and was able to exceed analysts’ expectations with a multiple profit in the first quarter.
The bigger headlines continued to be made by the shares of AMC (AMC Entertainment A), which remain a plaything on the Internet for organized speculators. The cinema chain is still affected by the pandemic, and a multi-day rally continued with a record high, encouraged by easing. A price jump of more than 27 percent drove the title over the $ 40 mark for the first time in its history. The rate has now doubled within a week.
The price jump of 66.5 percent at the US biotech company Constellation Pharmaceuticals, which is about to be taken over by the German MDAX group MorphoSys, was even more pronounced. The bid is $ 34, making the company’s equity worth $ 1.7 billion. As the course jumped, the course approached the price offered.
A big winner on the Nasdaq was the 3.4 percent higher shares of Moderna. The Covid-19 vaccine manufacturer is deepening its partnership with the Swiss Lonza group with another production line in the Netherlands. An additional 300 million vaccine doses should be produced there every year./tih/fba