New York Stock Exchange Mixed Tax Maturity … Dow 0.29% in anticipation of completion of stimulus measures ↑

Input 2020.12.04 06:55 | Revision 2020.12.04 06:58

On 3 (local time), the New York Stock Exchange’s leading index showed mixed trends despite expectations of trading for U.S. stimulus measures, due to concerns over the supply of a new coronavirus infection vaccine (Corona 19).

On that day, the New York Stock Exchange (NYSE) Dow Jones 30 Industrial Average closed at 29,969.52, up 0.29% (85.73 points) from the previous year. The Standards & Poor’s (S&P) 500 index closed at 3666.72, down 0.06% (2.29 points). The NASDAQ index, which is focused on tech stocks, rose 0.23% (27.82 points) to 12,377.18.

The market watched key economic indicators, coronavirus news, and negotiations on stimulus measures in the United States.

On this day, the US unemployment indicator came out better than concern, supporting investment sentiment. The US Department of Labor announced that the number of new jobless claims last week ending November 28 was 712,000, down 75,000 from the previous week. It was less than the estimated 780,000 people compiled by the Wall Street Journal. It has been three weeks since the number of jobless claims dropped.

However, there is also an analysis that it could be an optical illusion effect due to the Thanksgiving holiday (November 26).

The pace of US stimulus negotiations is also a supporting factor in the equity market. Democratic House Speaker Nancy Pelosi and Republican Senate Representative Mitch McConnell have started discussions on a stimulus plan for the coronavirus. This is the first time since the presidential election that both parliamentary leaders have talked about stimulus measures.

Earlier, President Pelosi said he agreed with the $ 90.8 billion bipartisan stimulus plan (about 993 trillion won) by Republican and Democratic senators, and urged President McConnell to cooperate.

“The Democratic leadership, which has insisted on trillion-dollar fiscal stimulus measures, appears to have made concessions,” CNBC chief economist Jan Hacius Goldman Sachs said.

“With speculation that there is progress in stimulus and a positive pace of vaccination, labor market watchers can hope that in the long run, unemployment claims will show a more significant drop,” said Mike Ruwengart, head of strategy E-Trade Financial investment. “There is.”

At the last minute, concerns were raised about the corona vaccine, which led to a rapid decline in the main index. The Wall Street Journal reported that the amount of vaccines Pfizer and Bioentech could supply this year would be only 50 million, or half of the originally planned 100 million. Sources told the magazine that some raw material supply problems had occurred and that the planned volume for this year could not be met.

The market responded sensitively to the news as there were many concerns that the vaccine could be safely distributed.

The fact that the winter 19 Crown situation in the US is getting worse is another factor that makes investors wary. According to a Johns Hopkins University tally, on the 2nd, the death toll in the United States was 2804. It broke the record on April 15 (2603), which had the most deaths before. There were 2,070 new confirmed cases per day.

On the Chicago Options Exchange (CBOE), the volatility index (VIX) rose 0.52% from the previous trading day to 21.28.