Wall Street stock markets on the road to recovery

After the recent price slide, some investors are taking the opportunity to re-enter the US stock market. Ultimately, the Wall Street Dow barometer went 0.93 percent higher to 34,137.31 points on the day. On Friday it had climbed to 34,256 points at times and thus reached a high. For the next two trading days, investors took profits once. The market-wide S&P 500 also rose 0.93 percent, which meant a reading of 4173.42 meters. The Nasdaq Selection Index 100 advanced 0.91 percent to 13,935.15 points. The rising number of coronavirus cases in some regions of the world worried investors, said Derek Halpenny, chief analyst at Bank Mitsubishi UFJ. Nobody doubts that the economy will recover strongly from the consequences of the pandemic. Meanwhile, crude oil investors speculated on falling demand due to the impending tightening of corona restrictions in India. The US variety WTI fell 1.7 percent to $ 61.39 per barrel (159 liters). "With around 4.5 million barrels a day, India is one of the world's leading oil importers," said Commerzbank analyst Carsten Fritsch. Some investors have therefore returned to "safe havens". The "anti-crisis currency" gold gained 0.9 percent to 1,794 dollars per troy ounce (31.1 grams). With a price drop of 7.4 percent at times, Netflix drove the largest daily loss in half a year. The net customer growth of the online video library was around four million, around a third lower than expected in the past quarter. The forecasts were quite optimistic, said investment strategist Michael Hewson from brokerage firm CMC Markets. After the boom last year, slower customer growth comes as no surprise. Verizon also disappointed with its user numbers. The mobile operator lost 178,000 customers. Sales and profit exceeded the analyst forecasts, however. The papers yielded 0.4 percent. The Welbilt share, on the other hand, rose by almost 44 percent. This is the biggest leap in the company's history. Competitor Middleby is offering $ 20.68 per share, or a total of $ 2.9 billion, for the commercial kitchen supplier. Middleby titles rose seven percent to a record high of $ 178.39. In response to these merger plans, the shares of German rival Rational turned positive and closed a good two percent higher. Also in demand were the titles of the pharmaceutical company Ocugen, which were almost 18 percent more expensive. According to test results, the coronavirus vaccine from development partner Bharat Biotech prevents serious disease progression 100 percent. Overall, the effectiveness is 78 percent.