Wall Street closes in positive territory – Tesla shares at a record high

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The New York Stock Exchange on Wall Street

The New York Stock Exchange is located on the famous street.

(Photo: dpa)

Düsseldorf Wall Street is hoping that the corona crisis will be overcome quickly on the day after the US holiday Thanksgiving. However, the persistently high number of infections dampened the mood to buy on Friday. The leading indices Dow Jones and S&P 500 hardly moved during the shortened trading on “Black Friday” – the start of the Christmas business in retail – and closed at 29,910.37 (0.13 percent up) and 3638.35 points (0 , 24 percent up).

The technology index Nasdaq rose temporarily to a record high of 12,236.23 points and said goodbye to the weekend by 0.9 percent at 12,205.85 positions.

The Dow Jones broke the 30,000 point mark for the first time in its history on Tuesday, but fell to 29,872 points on the Wednesday before the extended weekend in the United States.

Stockbrokers reacted with relief to the announcement by US President Donald Trump that the White House would be vacated if the electoral college had voted for its opponent Joe Biden in mid-December. The majority of investors did not doubt that a constitutional crisis could be avoided, said Rick Meckler, partner at asset manager Cherry Lane. But Trump’s statement is fueling confidence that the transfer of power will be relatively smooth.

Any deficits in the coronavirus vaccine from Astra-Zeneca only played a subordinate role in the US market, added Meckler. Investors concentrated on the preparations developed by the US companies Moderna and Pfizer. The latter is created in cooperation with the Mainz company Biontech.

Copper shines again

Copper hit a seven and a half year high on the commodities market at $ 7,520 per ton. “Because of advances in vaccine development, processors are replenishing their empty stocks,” said Gianclaudio Torlizzi, partner at consulting firm T-Commodity on hopes of economic recovery.

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