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NEW YORK (Dow Jones) – Wall Street investors showed their cautious side towards the end of the trading week. The Dow Jones index managed to enter the weekend with a slight advantage. The prospect of Covid-19 vaccines in the United States soon, and thus presumably a revival of the economy, hardly lifted spirits. A panel of the US FDA voted to approve the vaccine from Biontech and Pfizer. The vote is not surprising because the UK has recently started administering the vaccine. The corona pandemic, with a still high number of new infections and tighter containment measures, continued to weigh on confidence.
The Dow Jones Index closed 0.2 percent higher at 30.047 points, while the S&P 500 fell 0.1 percent. The Nasdaq composite was down 0.2 percent. There were a total of 1,303 (Thursday: 1,663) winning courses and 1,835 (1,448) losers. 86 (112) titles closed unchanged.
Market participants on the other side of the Atlantic also rated the looming danger of a hard Brexit as a negative factor. “We have long thought that these negative political comments were negotiating tactics and that it was important for both parties to forge an agreement,” said Principal Global Advisors’ market strategist Seema Shah. But now there was growing concern that the obstacles between the EU and Britain were insurmountable. Traders emphasized that a trade agreement had a price. If things turn out differently, you need to correct it.
Another factor of slowdown was that the long-awaited economic stimulus program in the United States did not advance. Here is a new brake on the negotiations. Members of the Republican Senate do not want to support the bipartisan compromise in its entirety. After all, by extending the current federal budget, the United States Congress has avoided an impending budget freeze and thus the shutdown of federal agencies, even if only for a week.
A positive signal came from the business side. The mood of US consumers improved more than expected in December.
Disney with rally course
The entertainment company Walt Disney wants to considerably expand its range of streaming services and thus massively increase the number of subscribers in the coming years. The course then shot up 13.6 percent. Swiss insurance company Zurich takes over Metlife’s P&C business in the US for US $ 3.94 billion. The seller’s share fell 0.8 percent.
Oracle increased sales and profits in its fiscal second quarter on a strong cloud business and performed better than expected. The database specialist’s outlook for the current third quarter was also above analyst estimates. The stock gained 1.9 percent.
Broadcom shares fell 1.0 percent. The semiconductor and software group exceeded expectations with its results and prospects. However, participation already accounted for 30 percent in the current year, which encouraged profit-taking. At the same time, Broadcom announced that Kirsten Spears will be the new CFO.
Sportswear chain Lululemon Athletica benefited from high demand in the third fiscal quarter. Sales and profits increased significantly. However, the company is less confident in the rest of the year. Participation fell 6.7 percent. Costco Wholesale increased sales by 17 percent in the last quarter. The retailer’s stocks gained 0.6 percent.
With the prominent support of movie star Uma Thurman, pharmaceutical startup Abcellera went public on the US stock exchange on Friday. It is said that the demand was enormous. The $ 20 issue price was above the last mentioned range and previously raised from $ 17 to $ 18. The stock closed at $ 58.90, an increase of 195 percent over the issue price.
Brexit fears weigh pounds
In the currency market, the dollar index rose slightly 0.2 percent with the highest aversion to risk. The British pound, on the other hand, was under pressure due to growing concerns about a hard Brexit, against the dollar and the euro. British Prime Minister Boris Johnson said there is a “very high probability” that negotiations with the EU will fail.
The price of gold was only slightly affected by the ongoing uncertainties in the market. The troy ounce was up 0.1 percent to $ 1,839.
Oil prices showed a downward trend due to concerns about demand. Also, service provider Baker Hughes reported a growing number of active wells in the US The price of a barrel of US light oil WTI fell 0.4 percent to $ 46.61, while Brent del Mar oil the North fell 0.5 percent to $ 50.01. Brent was just above the $ 50 mark that the price had taken the day before for the first time since March.
With political uncertainty, bond prices rose, the yield on ten-year US government bonds fell 2.0 basis points to 0.89 percent.
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INDEX last + / -% absolute + / -% YTD
DJIA 30,046.37 0.16 47.11 5.28
S & P-500 3,663.46 -0.13 -4.64 13.39
Nasdaq-Comp. 12,377.87 -0.23 -27.94 37.95
Nasdaq-100 12,375.41 -0.21 -26.33 41.71
US bonds
Yield to maturity Bp to TV Yield TV +/- Bp YTD
2 years 0.11 -2.0 0.13 -108.9
5 years 0.36 -1.9 0.38 -156.5
7 years 0.62 -3.1 0.65 -162.7
10 years 0.89 -2.0 0.91 -155.9
30 years 1.62 -0.7 1.63 -144.7
Last Forex + / -% Fri, 8:20 am Thurs, 5:28 pm% YTD
EUR / USD 1.2115 -0.21% 1.2158 1.2118 + 8.0%
EUR / JPY 126.03 -0.41% 126.47 126.49 + 3.4%
EUR / CHF 1.0774 + 0.17% 1.0773 1.0761 -0.8%
EUR / GBP 0.9162 + 0.39% 0.9127 0.9121 + 8.3%
USD / JPY 104.04 -0.19% 104.02 104.39 -4.4%
GBP / USD 1.3223 -0.60% 1.3321 1.3287 -0.2%
USD / CNH (Offshore) 6.5413 + 0.06% 6.5250 6.5447 -6.1%
Bitcoin
BTC / USD 18,018.01 -1.71% 17,818.76 18,160.01 + 149.9%
ROHOEL zuletzt VT-Settl. + / -% +/- USD% YTD
WTI / Nymex 46.61 46.78 -0.4% -0.17 -16.8%
Brent / ICE 50.01 50.25 -0.5% -0.24 -17.4%
METALS last day before + / -% +/- USD% YTD
Gold (Spot) 1,839.09 1,836.40 + 0.1% +2.69 + 21.2%
Silver (spot) 23.95 24.03 -0.3% -0.07 + 34.2%
Platinum (spot) 1,017.23 1,030.95 -1.3% -13.73 + 5.4%
Kupfer-Future 3.53 3.57 -1.2% -0.04 + 24.8%
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DJG / DJN / err
(END) Dow Jones Newswires
December 11, 2020 16:16 ET (21:16 GMT)
