Wall Street extended its recent gains on a rally in technology stocks. The leading indices Dow Jones and S&P 500 each rise by more than one percent when they open. The technology-heavy Nasdaq gains a good two percent.
Investors now assumed that the newly discovered Omicron variant of the corona virus would not be as dangerous as initially feared, said Neil Wilson, chief analyst at the online broker Markets.com. In addition, the US economy is robust enough to be able to cope with the planned throttling of securities purchases by the central bank.
One of the favorites on the US stock market was Intel with a price increase of almost eight percent. . According to an insider, the driver assistance system provider could be valued at more than $ 50 billion. With this step, he could concentrate more on the core business, commented analyst Abhinav Davuluri from the research house Morningstar.
Look at the individual values
Airline CEO Doug Parker announced that he will step down in March. Robert Isom is to become the new CEO, Parker will remain on American Airlines as a director. The stock rises 2.3 percent at launch on Wall Street.
A planned joint venture between Merck and Palantir is encouraging investors to join the two companies. The shares of the pharmaceutical and specialty chemicals group rise on the German stock exchange by 2.2 percent and those of the US data analysis company by a good three percent. The aim of the joint venture is to solve the problems associated with supplying US chip manufacturers with raw materials.
The cybersecurity firm agreed to be acquired by private equity firm Permira for a total of $ 5.8 billion. Mimecast papers then rise by six percent.
According to a report in the Wall Street Journal, the manufacturer of the Corona beer is planning to build a new brewery in southeastern Mexico. The agreement is to be officially announced this week. The Constellation share increased slightly by 0.4 percent.
According to the pharmaceutical company, its Covid-19 antibody treatment is also effective against mutations of the coronavirus such as the Omikron variant. The share rises 0.5 percent.