Further restrictions are imminent due to the omicron variant of the corona virus.
(Photo: Reuters)
Frankfurt, New York On the last day of trading before the Christmas holiday weekend, Wall Street continues its recovery course. The US leading index Dow Jones gained 0.6 percent to 35,950 points. The technology-heavy Nasdaq advanced 0.9 percent to 15,653 positions and the broad S&P 500 gained 0.6 percent to 4725 points, marking a record high.
The positive mood was borne by studies, according to which the omicron variant of the coronavirus is more contagious, but not more dangerous than the delta variant that has dominated to date. “Investors want to see the glass as half full,” said analyst Ipek Ozkardeskaya from Swissquote Bank. However, new bad news could change the mood at any time.
In the hope of a quick normalization of social life, investors grabbed travel and leisure values, among other things. The cruise operators Carnival Cruise, Royal Caribbean and Norwegian gained up to one percent. The online travel agency gained around three percent.
Bitcoin rose 3.5 percent and passed the $ 50,000 mark again for the first time. But that’s still a long way to go until the annual high of almost $ 70,000 at the beginning of November.
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Crocs: The roughly two billion dollar takeover of the Italian shoe manufacturer Heydude by Crocs met with little approval. The titles of the company known for its rubber clogs sagged by around 14 percent. However, the acquired brand could develop better than the core business in the long term, said Jane Hali, head of the research company Jane Hali & Associates. Comfortable casual shoes are still in high demand.
Novavax: Despite good news, the share fell 2.5 percent. According to the drug manufacturer, treatment with two doses of its Covid-19 vaccine has shown strong immune responses against the Omicron variant. However, the company added that the response to Omicron was less than that to the original strain of the virus. In addition, a booster dose is likely to be helpful.
JD.com: The shares collapsed by seven percent. Chinese social media company Tencent plans to distribute the majority of its stake in the e-commerce company to shareholders in the form of a dividend of $ 16.4 billion. This will reduce Tencent’s stake in JD.com from 17 percent to 2.3 percent.
Nikola: The company has completed the delivery of its first electric vehicle. The share gained 17.1 percent.
SciPlay: The shares of the developer of digital games plummeted by around 16 percent because the company had ended talks about the sale to the majority shareholder Scientific Games. The shares of Scientific Games, however, rose by more than eight percent.
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