New York equities: mixed after S&P 500 record high
NEW YORK (dpa-AFX) – The US stock markets presented themselves on Tuesday in the course of trading without a clear direction. While the standard values on Wall Street were mostly in positive territory, the technology stocks on the Nasdaq were mostly on lower territory. Traders spoke of a restless trade with low sales. News of a record increase in coronavirus cases worldwide provided negative impetus.
The Dow Jones Industrial (Dow Jones 30 Industrial) was last listed 0.22 percent higher at 36,380.75 points. The S&P 500 rose to another record high in early trading, but turned into the red as it went. Most recently, the market-wide index lost 0.20 percent to 4781.69 points. The tech-heavy NASDAQ 100 fell 0.66 percent to 16,458.48 points.
The sharp rise in Omicron infections brought the worldwide Covid-19 cases to a daily high on Monday. Investors are reassured by studies, according to which the Omikron variant is highly contagious, but causes less serious diseases, it said from the trade.
From an industry perspective, the flagging airline shares on the previous day fell on Tuesday with recovery gains. United Airlines and Delta Air Lines stocks each gained 1.7 percent, while American Airlines stocks rose 1.6 percent. The US airlines had canceled hundreds of flights over the Christmas weekend due to the rampant Coronavirus variant Omikron and massive bad weather.
The shares of Novavax lost their more than ten percent initial profits in the course of trading and were most recently 0.3 percent in the red. Initially, the news supported that the US vaccine manufacturer had now also received emergency approval for its Covid-19 vaccine from the Indian Medicines Agency. The Novavax corona vaccine has also been officially approved in the EU for a few days
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