[뉴욕마감] Weakness in arbitrage selling after November surge … Dow 0.9% ↓

Sales arbitrated that day after posting the highest monthly rate of increase in 33 years in November
Modena or more than 20% on the rise … Apply for authorization to use the emergency vaccine on this day
Nicolas collapsed .. GM officially withdraws participation

[오피니언뉴스=김지은 기자] On the last trading day of November, the New York Stock Exchange closed slightly lower. Due to the accumulated exhaustion due to the short-term surge, profit taking sales were unlocked and showed weakness.

On the 30th (hereafter Eastern Time), the Dow Jones 30 Industrial Average on the New York Stock Exchange (NYSE) closed at 23.9638.64, down 271.73 points (0.91%) from the previous day.

The Standard & Poor’s (S&P) 500 Index closed at 3621.63, down 16.74 points (0.46%) from the previous day, and the Nasdaq Composite Index closed at 11,198.74, down by 7.11 points (0.06%).

According to CNBC, the Dow Index rose 11.8% in November, the highest monthly increase since January 1987. News about the development of the Corona 19 vaccine appeared one after another and it was analyzed that the increase was increased with the spread of expectations that the transfer of power to Joe Biden’s administration could be accomplished smoothly.

The S&P 500 Index and NASDAQ Index also rose 10.8% and 11.8% month-on-month, respectively, in November. This is the highest level since April.

In particular, the Russell 2000 index, which focuses on small cap stocks, grew by more than 18% in November, recording the highest monthly rate of increase.

The stock market relative to the business cycle was the most active in November. The energy sector, which was hit hardest by Corona 19, was up 26.6% this month, and finance and industry also rose by more than 12.2%. Boeing and American Express also rose 45.9% and more than 30% respectively in November. The anticipation of a return to pre-Crown 19 with the spread of news of the vaccine’s development is interpreted to have led these stocks to an uptrend.

The Dow Index, which continued its breathtaking rise in November, fell on the last trading day of November when the for-profit sales were released. Nine of the 11 sectors of the S & P500 fell, most notably the energy sector (-5.37%), which had risen since November. Technology (0.66%) and healthcare (0.29%) increased slightly.

On the market that day, Modena stock was up more than 20%, stating that the prevention rate was 94.1% and the serious prevention rate was 100% as a result of the final Phase 3 clinical trial. Modena announced it would require approval for emergency use in the United States and Europe during the day.

Nicolas plunged 27%. The news that General Motors (GM) has decided not to acquire a stake in Nikola has become bad news. In September, GM agreed to forge a strategic alliance with hydrogen truck startup Nikola and planned to secure 11% of Nikola, but when the fraud controversy arose, GM announced it had decided not to acquire the company. Nikola’s share on the same day. However, GM has announced that it plans to supply fuel cells for Nikola’s next “Badger” pickup truck.

Economic indicators released that day were also quite slow.

According to the Supply Management Association (ISM) of Chicago, the Chicago Purchasing Managers Index (PMI) for November fell to 58.2 from 61.1 last month.

The November commercial activity index released by the Federal Reserve Bank of Dallas was 12.0, down from the previous month (19.8).

The National Real Estate Brokers Association (NAR) revealed that the October Pending Home Sales Index fell 1.1% from the previous month to 128.9.

Reporter Kim Ji-eun[email protected]
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