Only the Dow Jones Industrial Index fell on Thursday, with a 0.1 percent drop. And closed the session at 124.23 36 points. On Wednesday, the index closed at an all-time high.
On Thursday, stocks were supported by data from the labor market. As the State Department reported, the number of people filing for unemployment benefits for the first time in the United States last week was 269,000. This is the lowest number of applications since the coronavirus outbreak, in line with economists’ expectations.
Investors are still analyzing the Federal Reserve’s decision to limit asset purchases this month.
– Investors have been waiting for this announcement for months. It reinforces the view that economic recovery still has a long way to go, albeit with low GDP growth. George Paul, President of Sanders Maurice Harris, said the announcement of the gradual reduction in asset purchases indicates the strength of the US economy, which is favorable to corporate earnings and the market.
“The Fed did a good job of announcing its intentions long before today’s meeting, so we don’t see a panic reaction in the markets,” said Lawrence Gillum, fixed income analyst at LPL Financial.
Moderna’s shareholders had no reason to be complacent on Thursday. The company lowered its forecast for revenue this year from sales of vaccines for Covid-19 from $20 billion to $15-18 billion. The company explained that some deliveries were postponed until 2022, and that it was facing a problem in producing the vaccine. Prices fell by 17.9 percent.
The day before, Pfizer raised expectations for the sale of a COVID-19 vaccine.
Qualcomm rose by 12.7 percent. After better-than-expected sales results for the third quarter and strong expectations for the fourth quarter.
MGM shares fell 2.7 percent at the close. After the casino operator announced plans to sell the Las Vegas Mirage casino to another operator. Earlier, during the session, prices rose to a 52-week high.
And in Europe, too, Thursday’s session was marked by records. The pan-European Stoxx Europe 600 finished the session at the highest level in history, after rising 0.43%. Euro Stoxx 50 hit a 10-year high, after a 0.5 percent increase. For the first time in history, the German DAX index closed the session at 16,029.65, after rising by 0.44%.
The dollar rose 0.49%. against the currency basket to 94,325 points.
The euro and the dollar fell by 0.48 percent. to 1.1556.
The profitability of the 10-year floor tanks drops by about 6 basis points. to 1.52%, and the 30-year bond yield fell 3 basis points. up to 1.96%
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In the oil market, West Texas Intermediate crude contracts for the month of December fell by 2.2 percent. As of $79.08 a barrel, Brent crude futures for January are down 1.8 percent. Up to $80.54/b.
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