The Wall Street Started With Mix Picture in New York

The Wall Street Started With Mix Picture in New York

Wall Street began the abbreviated trading week further divided. The US stock markets are closed on Thursday for Thanksgiving Day.

During the Black Friday shopping spree, there is only half a day of trading in New York. Shortly after the start of trading, the Dow Jones index was 0.3 percent higher at 33,839 points. The broad S&P 500 fell 0.2 percent to 3,957 points, and the tech gauge Nasdaq fell 0.4 percent to 11,100 points.

New coronavirus restrictions in China dampened equity market sentiment following the country’s first deaths from the virus in six months. In Beijing, numerous shopping malls, schools and kindergartens remain closed.

In large parts of the capital, restaurants are only allowed to offer takeaway food and people coming to or returning to Beijing must stay indoors for three days and get tested. In the southern Chinese metropolis of Guangzhou, a lockdown applies in the largest district of Baiyun.

The collapse of the crypto exchange FTX also continued to occupy the mind. Investors in the crypto world fear that the bankruptcy of FTX will spread to other companies. That fear of the spread of financial malaise also leads to falling prices of crypto coins such as bitcoin and ether. Crypto exchange Coinbase lost more than 3 percent.

Biotechnologist Imago BioSciences was worth 105 percent more at $ 35.65. Pharmaceutical company Merck buys the developer of cancer drugs for $ 36 per share. The total acquisition price is approximately $1.4 billion.

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