Further restrictions are imminent due to the omicron variant of the corona virus.
(Photo: Reuters)
Frankfurt, New York Wall Street maintains its recent gains. The US standard value index Dow Jones closed around one percent higher to 36,302 points. The technology-heavy Nasdaq advanced 1.4 percent to 15,871 points. The broad S&P 500 gained 1.4 percent to 4791 points, marking a new record.
The rapid spread of the omicron variant of the coronavirus is worrying investors, however, said Naeem Aslam, chief market analyst at the brokerage house AvaTrade. “Nobody wants to see another total lockdown as this would have a negative impact on the economy.”
Against this background, the travel and tourism values moved into the spotlight. American Airlines, Delta and United shares fell between 0.5 percent and 0.8 percent. Several thousand flights were canceled in the USA over the extended Christmas weekend because there were not enough crews available due to coronavirus infections.
US oil companies are hit by falling oil prices
Oil companies such as Exxon and Chevron, whose paper was around one percent cheaper, also came under pressure to sell. They suffered from the fall in the price of crude oil. The US variety WTI was 2.4 percent cheaper to $ 75.57 per barrel (159 liters). “Less travel equates to less economic activity equates to a lower WTI price,” said analyst Jeffrey Halley of brokerage firm Oanda.
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The US-listed papers of Chinese companies such as Alibaba, Baidu and JD.com also suffered. They lost up to 1.6 percent after the Beijing government tightened the rules for going public abroad.
In the future, companies from sectors that are excluded from foreign direct investment in China will have to obtain government approval for a note abroad. In addition, foreign investors are allowed to hold a maximum of 30 percent in these companies and have no influence on the operational business. Media companies such as publishers and online news portals are among those affected by these new rules.
Look at further individual values
GoDaddy: In the hope of a breath of fresh air at GoDaddy, investors joined the cloud company. The shares rose by more than eight percent. The activist investor Starboard secured 6.5 percent of the shares in GoDaddy for about $ 800 million.
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. The share closes 1.24 percent in the red.
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.
Carnival Cruise: The stocks of the cruise companies Carnival Cruise, Royal Caribbean and Norwegian lost between 1.1 and 2.6 percent. Due to corona outbreaks on board, at least three cruise ships have had to return to their ports of departure in the past few days.
Alibaba, Baidu or JD.com: The US-listed papers of Chinese companies such as Alibaba, Baidu and JD.com also came under selling pressure. They lost up to 1.7 percent after the Beijing government tightened the rules for going public abroad. In the future, companies from sectors that are excluded from foreign direct investment in China will have to obtain government approval for a note abroad. In addition, foreign investors are allowed to hold a maximum of 30 percent in these companies and have no influence on the operational business. Media companies such as publishers and online news portals are among those affected by these new rules.
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