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Dow Jones New York shares closed overnight (December 2), while the S & P500 closed for the second day in a row in New York, raising hopes that the US Congress will accelerate stimulus measures to mitigate the effects. of the Dow. COVID-19 Including news from the UK government approving a COVID-19 vaccine. Developed by Pfizer and Bio-Entech.
The Dow Jones Industrial Average closed at 29,883.79, an increase of 59.87 or + 0.20%, while the S & P500 closed at 3,669.01, 6.56 or + 0.18%. The Nasdaq closed at 12,349.37 points, down 5.74 or -0.05%.
The Dow is initially moving into negative territory. Amid concerns about delays in issuing a new round of US economic stimulus, but the Dow has rebounded to positive territory. After Stani Hoyer, the Majority Leader in the US House of Representatives, expressed hope that Congress is likely to reach an agreement to launch stimulus measures in the coming days.
US House of Representatives Nancy Pelosi and Senate Minority Leader Chuck Schumer both came out to call Senate Majority Leader Mitch McConnell. Accelerate the US economic stimulus measures 9.08 billion dollars. Following the proposals of Democrats and Republicans. Send aid to Americans before the end of the year.
The New York Stock Exchange was also boosted by news from the UK government approving the new coronavirus vaccine. Developed by Pfizer. US Inc. and Germany’s biotech company The vaccine will begin shipping next week. England was the first country in the world to approve the Pfizer and Biotech vaccines.
The news pushed Pfizer shares up 3.55 percent and biotech shares rose 6.21 percent.
Last night’s trading conditions were maintained in the form of sector rotation, with purchasing power to support value stocks, a stock that has adapted to economic conditions. This includes banking and energy stocks. Goldman Sachs shares were up 2.4 percent, JP Morgan shares were up 1.97 percent, Bank of America’s shares were up 1.32 percent, ExxonMobil’s shares were up 3.79 percent , Chevron shares rose 2.77 percent. Ton jump 3.16%
Shares of United Health Group, America’s largest health insurer, rose 1.92 percent after analysts at JP Morgan raised United Health’s share price target to $ 430.
Saleforce.com Software shares in the US, down 8.52% after Saleforce.com. Acquires $ 28 Billion in Messaging Application Provider Slack Technologies. While the news dragged Slack Technologies shares down 2.58 percent.
For US economic data released tonight, Automatic Data Processing, Inc. (ADP) and Moody’s Analysts revealed that US private sector employment rose just 307,000 in the month. Nov. Which is the lowest level since July AND below analysts’ estimate of 475,000 jobs that slowed in November were affected by the second round of the coronavirus outbreak.
Other US economic data to be released this week include: Weekly Number of Unemployed Applicants, Purchasing Managers Index (PMI) Marquit End November Services, US Institute of Supply Management (ISM) November Services Index. Trade balance in October AND non-farm employment figures in November
