The American Stock Markets Have Started the New Stock Market Week With A Plus

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The American stock markets have started the new stock market week with a plus. In particular, the hope for a speedy corona vaccine approval seems to be encouraging investors in New York.

 

Pharmaceuticals Pfizer and Moderna indicated that they could start a vaccination program quickly. Their vaccines are about to be approved. The British-Swedish AstraZeneca also came with encouraging reports about a corona vaccine.

The Dow Jones index rose 0.7 percent in the first trading minutes to 29,476 points. The broad-based S&P 500 gained 0.6 percent to 3578 points and tech exchange Nasdaq was also put 0.6 percent higher, at 11,931 points.

Pfizer and Moderna were up 0.4 and 4 percent. The shares of companies in sectors where the corona crisis has hit mercilessly are also on the rise. Airlines such as Delta Air Lines, American Airlines and Southwest Airlines increased by up to 2 percent, hotel chains such as Hilton and Marriott increased to 1.9 percent.

Energy companies also benefit, as in Europe with companies such as Shell, Total and BP earlier in the day. ExxonMobil and Chevron were raised to 1.7. Shares of oil and gas producers are also being pushed forward by soaring oil prices.

Pharmaceutical Merck (plus 0.4 percent) is also in the spotlight. The company announced it will pay $ 425 million for the acquisition of biotech company Oncolmmune, which will also allow Merck to plunge into the corona race.

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