Exuberant Dow lacks close record; Nasdaq in minor to coronavaccin

In New York, the Dow showed an enthusiastic picture on Monday after the hopeful news about Pfizers coronavaccin. Techbeurs Nasdaq had to give up a lot of ground.

The investor vote on Wall Street was supported by positive news about the new coronavaccin from Pharmaceutical Pfizer. The victory of the Democrat Joe Biden in the US presidential elections was also good. He officially claimed his winnings on the incumbent President Donald Trump on Saturday. Trump however insists that he is the winner

The Dow-Jonesindex ended up 2.9% percent higher at 29,130 points after having set another highlight in the meantime. The broadly composite S&P 500 went up 1.2 percent to 3551 points. Techbeurs Nasdaq did not share the optimism and fell 1.5% to 11,713 points.

According to preliminary research results, a coronavaccin from Pfizer is 90 percent effective in preventing infection. The company tested the vaccine, which was developed in collaboration with the German biotechnologist BionTech, on subjects and says that there were no significant safety problems. The Pfizer share made a price jump of 7.7 percent. Moderna, which develops a vaccine based on the same technique as Pfizer, was raised 7.3 percent higher.

Companies that are sensitive to the developments around the coronavirus rose sharply because of the news. It concerns, for example, the aviation sector with airlines such as Delta Air Lines, American Airlines and Southwest Airlines which rose to 17%. The same goes for travel companies like Booking.com and Expedia and hotel chains like Marriott International and Hilton Worldwide, which recorded pluses of up to nearly 25 percent.

The races of the cinema chains AMC Entertainment and Cinemark rose to over 50 percent. The organizer of events and concerts Live Nation received almost 15 percent.

Tech companies that recently benefited from working at home got hit on the contrary. For example, creator of videoconferencing software Zoom fell by more than 17 percent, and Microsoft and Amazon, benefiting from server demand, delivered to 5.1 percent.

McDonalds came up with final figures and was reduced by 1.5 percent. The fast food chain also announced the development of its own vegetarian burgers. The listed maker of meat substitutes Beyond Meat helped McDonalds develop it and fell 4.1 percent.