Records were broken again on Wall Street: “Investors are watching the outlook for companies towards the end of the year in particular”


Among the major indices on the New York Stock Exchange, the broad S&P 500 index and the technology-focused Nasdaq index rose to new highs on Monday.

The full attention of investors is currently in the earnings period. More than one-fifth of the companies in the broad S&P 500 index have so far reported their fourth-quarter results for 2020,

Technology waste Microsoft, Apple, Tesla and Facebook report their results this week. Microsoft rose 1.6 percent, Apple 2.8 percent, Tesla four percent and Facebook 1.3 percent,

“Investors are particularly looking at the outlook for the rest of the year as served by company management,” the strategist said Sophie Chardon finance company From Lombard Odier commented on The Wall Street Journal.

“Investors are weighing options on how interest rate vaccinations and possible new business constraints imposed due to the interest rate pandemic will affect the economy,” he continues.

Several countries are again considering new restrictive measures to curb the corona pandemic. France may reintroduce a new lockdown, and Britain is considering tightening controls on border traffic. In Israel, the agenda is to keep foreign flights away from the country’s airports.

One of the largest pharmaceutical companies in the world Merck said it was ending two of its covid-19 vaccine programs. This is due to the poor effectiveness of vaccines in early-stage studies. However, Merck’s share price closed with a 0.2 percent rise on Wall Street.

Last week, soaring Gamestopin the share rose 18.1 percent. The company on the verge of bankruptcy has been severely shortened, and as the share price has risen, closing short positions has further accelerated the rally.

The Dow Jones index fell 0.1 percent, the broad S&P 500 index rose 0.4 percent and the Nasdaq index rose 0.7 percent.

The 10-year interest rate on U.S. government debt was quoted at 1.041 percent after the stock market closed. One euro received $ 1.2134.


Source: Arvopaperi by www.arvopaperi.fi.

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