Share prices in the United States set records as early as Wednesday after Biden was sworn in.
Stateside the S&P 500 index, which tracks the shares of the country’s largest companies, and the Nasdaq index, which tracks technology companies, again set new records on Thursday.
Among the background were hopes for a new corona revival by the president Joe Biden after taking office.
Share prices The United States set records as early as Wednesday after Biden was sworn in.
The S&P strengthened 0.03 percent to 3,853.07 points and the Nasdaq index 0.55 percent to 13,530.92 points on Thursday. The Dow Jones index of industrial stocks, on the other hand, fell 0.04 percent to 31,176.01 in trading on Thursday.
“The beginning of the year and the start of Biden’s administration have been a strong time […] due to the possibility of further resuscitation and [julkisen] growth in consumption in general, ”said Beam Capital Management, a New York-based investment firm Mohannad Aama.
For example the courses of major technology companies such as Apple and Facebook strengthened. Oil prices, on the other hand, weakened, apparently due to policies announced by the Biden administration.
Among other things, Biden has said it will cancel the construction of the controversial Keystone XL oil pipeline. The pipeline would have allowed oil drilling in ecologically sensitive areas.