Wednesday, December 8th, 2021
Dow Jones is up slightly
Omikron concern still weighs on investors
Good news from Biontech / Pfizer makes it easier for the stock marketers: The vaccine should also help against the Omikron variant. American Airlines, for example, benefits from this. However, tensions due to the pandemic persist.
After the recent price rally, investors are shifting down a gear. The U.S. Standard Values Index Dow Jones gained 0.1 percent to 35,754.75 points. The technology-heavy one Nasdaq advanced 0.6 percent to 15,786.99 points and the broad one S&P 500 gained 0.3 percent to 4,701.21 points.
The news from BioNTech and Pfizer that the preliminary results of laboratory studies showed that three doses of their vaccine would provide effective protection against the newly discovered omicron variant of the coronavirus gave investors encouragement. That is good news, said analyst Fiona Cincotta of the broker City Index.
Now it is important to distribute the booster vaccinations as quickly as possible and to prevent new lockdowns. The shares of BioNTech and Pfizer were listed after a climb and descent last 3.5 and 0.6 percent respectively in the red.
In the case of tourism and leisure values, on the other hand, a relief rally was observed: The airlines’ titles won American Airlines, Delta and United up to 4.2 percent. The cruise providers Carnival Cruise, Royal Caribbean and Norwegian even advanced up to 8.2 percent. The titles of the casino operators Wynn, Las Vegas Sands and MGM were in some cases more than four percent up.
Decreasing omicron worries pushed the commodity market Oil price also on. The US variety WTI rose 0.7 percent to $ 72.60 per barrel (159 liters). “So far there has not been any significant slowdown in oil demand,” said Commerzbank analyst Carsten Fritsch.
Apple market value at nearly $ 3 million
Meanwhile, the shares of Apple her record hunt continued. They won 2.3 percent and were up 175.08 dollars more expensive than ever. If it increases by another five percent, the electronics provider will be the first company to break the three trillion dollar mark in market capitalization. “Apple seems to be immune to the ups and downs of economic development,” said analyst Susannah Streeter of the brokerage house Hargreaves Landsdown. The company owes this to its strong brand name.
The titles of McKessonwhich rose 2.1 percent to $ 226.68. The pharmaceuticals retailer raised its earnings target for fiscal 2021/2022 to 22.35-22.95 from $ 21.95-22.55 per share. This confirms his assessment that the positive effect of the state coronavirus vaccinations will last longer than expected, said analyst Charles Rhyee of the asset manager Cowen.
The Stitch Fix papers, on the other hand, headed for the second largest daily loss in the company’s history with a loss of almost 30 percent at times. The online fashion retailer’s customer growth clearly fell short of market expectations, complained analyst Douglas Lane from Lane Research. Although he trusts the company to achieve the previous growth rates again. But it is unclear how long this will take.