Record hunt on Wall Street: Biontech shares increase significantly according to the study

Record hunt on Wall Street
According to the study, Biontech shares increase significantly

The mood on the US stock exchanges is also good again: the Dow Jones index just barely reached a new record high during trading. Tech values ​​are big winners. The shares of the German company Biontech also received a strong boost from a vaccine study.

The prospect of Billions in US economic aid drives the record hunt on Wall Street. Bargain hunters reached out to US technology stocks after the recent sell-off. Of the Dow Jones Index the standard values ​​rose by 0.1 percent to 31,833 points. In the course he marked a new record high at 32,150 points, which was only 2 points above Monday's. The technology-heavy one Nasdaq Composite went up significantly by 3.7 percent, the broader one S&P 500 gained 1.4 percent. In Europe also had the Dax meanwhile marked new records.

In the US Congress, according to the Democrats, the $ 1.9 trillion weight will be finalized on Wednesday Stimulus package Voted by President Joe Biden. "The worries about rising interest rates are out of the market for the moment – also because there is hope that the new economic stimulus package in the USA could already be financed by the bond sales in December," said market analyst Jochen Stanzl from trading house CMC Markets. "This could mean that the supply of US government bonds could dwindle significantly in the next few weeks, which should push interest rates down again."

Especially the fear of inflation and rising returns had slowed the stock exchanges in the past few weeks. The Bond yields came back and were well below the annual high of over 1.60 percent. The US ten-year bond yield fell 6.7 basis points to 1.53 percent.

Big plus for Biontech shares

Most tech stocks, including Apple, Microsoft and Amazon, gained vigorously. "Investors usually buy in when stocks like technology have previously sold off heavily," said Matthew Stucky, portfolio manager at Northwestern Mutual Wealth Management. On Monday, the Nasdaq index lost 2.4 percent as investors worried about rising bond yields. These mean higher financing costs for states and companies, which has been particularly affecting the tech sector for weeks.

The Covid-19 vaccine from Biontech and Pfizer shows, according to a study published in the "New England Journal of Medicine", a neutralization of the Brazilian virus mutation. Researchers had developed a manipulated version of the mutation and found that this variant was frozen in the blood of people vaccinated with Pfizer / Biontech. Pfizer shares rose 0.3 percent, while Biontech gained 6.9 percent.

Gamestop again in the plus

In addition, the advancing vaccinations in the fight against the pandemic give investors hope of an economic recovery. Highly cyclical sectors such as finance, building materials and industry were among the biggest winners. US video game retailer stocks Game stop gained the fifth day in a row and were up 21 percent.

In addition to the company's digital restructuring plans, speculation also fueled speculation that US retail investors could continue to fuel the stock boom with the economic checks provided in the aid package. Since the soaring at the beginning of the year, Gamestop shares have been subject to wild price fluctuations.

At the online platform Reddit, small investors had agreed to concerted purchases of Gamestop shares in order to force hedge funds to cancel their bets on a price decline. Some speculators have burned their fingers badly by betting on falling Gamestop prices. According to the data provider Ortex, the total losses of the short sellers over the year to date are an estimated eleven billion dollars.

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