Further restrictions are imminent due to the omicron variant of the corona virus.
(Photo: Reuters)
Frankfurt, New York On Wall Street, the S&P 500 index rose to a record high when it opened on Monday. It increased by 0.6 percent to up to 4756 points. The Dow Jones index was 0.32 percent stronger. The Nasdaq climbed 0.5 percent.
According to stockbrokers, strong retail sales pushed worries about the rapid spread of the Omikron variant of the coronavirus into the background. However, travel and tourism figures came under pressure.
The US airlines suffered from numerous flight cancellations. American, Delta, and United stocks fell more than two percent each on Wall Street. Due to coronavirus infections of crew members, several thousand flights were canceled over the extended Christmas weekend.
The wave of corona-related flight cancellations in the USA also depressed sentiment on the crude oil market. The US variety WTI was cheaper by up to 1.3 percent to 72.81 dollars per barrel. “Less travel equals lower economic activity equals a lower WTI price,” says analyst Jeffrey Halley of brokerage firm Oanda.
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Other travel values were also under pressure. Corona infections continued on several cruise ships, putting the shipping companies. The shares of the providers Carnival Cruise, Royal Caribbean and Norwegian fell by about 2.5 percent each. At least three ships have had to return to their ports of departure early in the past few days.
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GoDaddy: In the hope of a breath of fresh air, investors join the cloud company. The shares rose by around six percent. According to the “Wall Street Journal”, the activist investor Starboard secured 6.5 percent of the shares in GoDaddy for around $ 800 million. Starboard wants the company to improve its business development.
Moderna: According to a report in the Financial Times, there is growing pressure on Moderna to reduce the cost of the vaccine and make it available in more countries. After losses at the beginning, however, the shares turned positive.
Tesla: The stocks rose more than two percent and continued their upward trend. The stocks were up 7.5 percent last Wednesday and 5.8 percent on Thursday, making the electric car maker on the stock market worth more than a trillion dollars again.
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