Wednesday 20th January 2021
Dow Jones soaring
US investors celebrate change of power
The swearing-in of Joe Biden as the new President gives Wall Street wings. Investors are in a record mood and mainly access the technology-heavy Nasdaq stock exchange and S&P.
The reaction of US investors to the change in the White House could hardly have been clearer: On the day of the transfer of power from Donald Trump to Joe Biden, the prices climbed to highs. Especially on the technology-heavy Nasdaq stock exchange, investors grabbed it. The Dow Jones Industrial As the world's best-known stock index, it also reached another record high shortly before the end of trading: with an increase of 0.8 percent to 31,188 points.
The Nasdaq 100 drove share purchases 2.3 percent up to 13,296 points. He achieved just like the very broad one Nasdaq Composite a record high. Strong quarterly figures from the online video provider Netflix provided an additional boost. Shares shot up nearly 17 percent and also peaked. With the 500 company comprehensive S&P 500 it went by 1.4 percent on 3852 counters also on a record high.
Morgan Stanley benefited from strong investment banking and a sharp increase in earnings from trading stocks and bonds in the fourth quarter. Income and profit increased significantly more than expected on the market. After initial premiums, the share turned 0.2 percent into the red. As has been seen before with other US banks, good business cards cannot encourage investors to buy. After poor earnings, the Bank of New York Mellon lost 7.3 percent.
Ebay lost 1.4 percent. The company said it was reviewing "strategic options" for its Korean subsidiary. Observers saw a connection with speculation that the Korean competitor Coupang was preparing to go public. In the spring there were also rumors that Coupang wanted to buy a larger stake in Ebay Korea.
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