[ad_1]
The New York Stock Exchange closed positive tonight (December 3), while the Nasdaq closed in New Heights, driven by lower-than-expected weekly unemployment figures in the United States. However, including hopes for US economic stimulus measures, trading conditions have been volatile Investors concerned after Pfizer Inc announced a reduction in its COVID-19 vaccine delivery target this year, the news it dragged Pfizer’s stock price down, closing down more than 1.7 percent.
The Dow Jones Industrial Average closed 29,969.52, up 85.73 or + 0.29%, while the S & P500 closed at 3,666.72, down 2.29 or -0.06%. The Nasdaq closed at 12,377.18, up 27.81 or + 0.23%.
The Dow soared to new heights during the day. After the US Department of Labor published, the number of unemployment benefits for the first time fell to 712,000 in the last week. That’s the lowest level since the coronavirus outbreak in March and below analysts’ estimate of 780,000.
The Dow was also promoted by Senate Majority Leader Mitch McConnell and Speaker of the US House of Representatives, Nancy Pelosi. They jointly promoted the issuance of economic stimulus measures to mitigate the impact of COVID-19 in the amount of $ 9,080 million.
However, the Dow later worsened. After Pfizer predicts that the company will only be able to ship 50 million doses of the COVID-19 vaccine this year. That’s cut in half from previously projected deliveries of 100 million doses due to supply chain issues. It was also found that the transportation of raw materials used in the production of vaccines was not meeting the standard
The news resulted in a 1.72% drop in Pfizer’s share price and was a key factor in the positive momentum in the market.
Six of the 11 stocks calculated in the S & P500 index rose, led by energy stocks. Halliburton shares were up 2.33 percent, Conoco Phillips shares were up 3.08 percent, ExxonMobil shares were up 0.7 percent, Occidental Petroleum’s shares soared 3.15 percent .
Leisure stocks, which adjusted after the economic cycle, rebounded last night. By Marriott International shares it rose 2.8 percent; Hyatt Hotels Corporation shares rose 1.28 percent; Hilton Worldwide Holdings shares rose 2.26 percent; Carnival Corp shares soared 8.13 percent.
Boeing shares rise 5.99% in response to news from Ryanair Increased orders for another 75 Boeing MAX 737s
Tesla shares rose 4.32 percent after Goldman Sachs raised the appraisal weight of Tesla shares to “buy” levels as Tesla shares will be calculated on the S&P 500 index on December 21. . this
For other US economic data released last night. The Institute of Supply Management (ISM) said the US services sector index fell to 55.9 in November, the second consecutive month of decline and the lowest level since May. From 56.6 in October and below analysts’ estimate of 56.0.
The economic data that is scheduled to be released today are: Trade balance in October AND non-agricultural employment figures in November
