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MARKETS US / Mixed – Nasdaq slightly expands losses

NEW YORK (Dow Jones) – The leading indices on Wall Street presented themselves inconsistently with only minor movements on Tuesday lunchtime, New York time. The S&P 500 set a new record high right after the starting bell. The Dow Jones is still posting slight gains, while the Nasdaq indices are trending a little lighter. The rise in blue chips is being driven by growing confidence that the latest wave of pandemics will have less serious consequences for the economy than earlier ones.

After the sharp rise at the beginning of the week, investors are acting more cautiously. The Dow Jones index rises 0.4 percent to 36,453 points. The S & P-500 gains 1 point. Meanwhile, the Nasdaq composite fell 0.4 percent.

According to new studies, infections with the currently rampant omicron variant of the coronavirus are milder; the risk of hospitalization is lower. Nevertheless, some economists have lowered their growth estimates for the first quarter of next year. Market participants also point out that the rise in share prices occurs with very thin sales, which results in exaggerated price movements.

Disappointing drug study weighs on Kiniksa

The news situation is again very thin. High-quality economic data are just as little on the agenda as important company events. Among the individual stocks, Kiniksa Pharmaceuticals are trending slightly in the red after significantly higher losses in the meantime. A drug from the company that was supposed to be used to treat acute lung failure (ARDS) in Covid patients has not shown the hoped-for effect in a phase III study. Pluristem Therapeutics announced on Monday that its ARDS candidate had not achieved the desired goal in phase II studies. The price of Pluristem then fell by 17 percent and is currently falling by a further 1.2 percent.

The Apple share comes back 0.1 percent. The company has closed some of its New York stores because of the sharp rise in corona numbers.

Coinbase Global shares are down 5.6 percent. The price of the trading platform for crypto currencies is following this down, it is said. Bitcoin, the top-selling cryptocurrency, has fallen by almost 5 percent. Ethereum is down 4.5 percent, Cardano by 4.7 percent and Terra by 8.7 percent.

The dollar is volatile with thin sales. The dollar index is currently showing little change, but it was both up and down. On the one hand, the expectation of a tighter monetary policy in the USA is supportive. On the other hand, the optimism that the omicron variant of the coronavirus will not require any further strict restrictions is dampening. The dollar appears to be prone to positive headlines about the pandemic this week, says Oanda market analyst Jeffrey Halley.

The oil price is benefiting from the hope that the Omikron variant of the coronavirus will burden the economy and thus the demand for oil less.

At the long end, government bonds are seeing some increase, which is reflected in falling yields.

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INDEX last +/-% absolute +/-% YTD

DJIA 36.453,19 + 0.4% 150,81 + 19,1%

S&P-500 4.792,13 +0,0% 0,94 +27,6%

Nasdaq-Comp. 15.806,91 -0,4% -64,36 +22,7%

Nasdaq-100 16.507,78 -0,4% -59,72 +28,1%

US bonds

Maturity Yield Bp to VT Yield VT +/- Bp YTD

2 years 0.75 5.3 0.70 63.7

5 years 1.25 0.0 1.25 88.6

7 years 1.40 -0.8 1.41 74.9

10 years 1.47 -1.1 1.48 54.9

30 years 1.87 -1.6 1.89 22.1

Forex last +/-% Tue, 8:13 a.m. Mon, 5:30 p.m.% YTD

EUR/USD 1,1311 -0,1% 1,1326 1,1328 -7,4%

EUR/JPY 129,78 -0,3% 130,12 130,09 +2,9%

EUR/CHF 1,0371 -0,2% 1,0393 1,0399 -4,1%

EUR/GBP 0,8424 -0,0% 0,8430 0,8432 -5,7%

USD/JPY 114,74 -0,1% 114,88 114,84 +11,1%

GBP/USD 1,3427 -0,1% 1,3436 1,3435 -1,8%

USD/CNH (Offshore) 6,3737 -0,0% 6,3743 6,3736 -2,0%

Bitcoin

BTC/USD 48,515.97 -4.9% 49,285.63 51,355.93 +67.0%

ROHOEL zuletzt VT-Settl. +/- % +/- USD % YTD

WTI/Nymex 76,13 75,57 +0,7% 0,56 +60,9%

Brent/ICE 79,16 78,60 +0,7% 0,56 +56,5%

METALS last previous day +/-% +/- USD% YTD

Gold (Spot) 1.809,60 1.812,13 -0,1% -2,53 -4,7%

Silver (spot) 23.09 23.05 + 0.2% +0.04 -12.5%

Platinum (Spot) 984.37 976.34 +0.8% +8.03 -8.0%

Kupfer-Future 4,44 4,47 -0,6% -0,03 +26,3%

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DJG / DJN / raz / cln

(END) Dow Jones Newswires

December 28, 2021 11:54 ET (16:54 GMT)

Reference-www.finanzen.at

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