With his late relenting, the elected US President Trump ended the chaos surrounding the multi-billion dollar stimulus package. Accordingly, investors start the last week of the year with a thirst for action. The important indices are rising to new records. US President Donald Trump’s signature on another multi-billion dollar corona stimulus package has set new records on the US stock exchanges. The Dow Jones Industrial climbed 0.68 percent to 30,403.9 points. The market-wide S&P 500 and the selection indices on the technology-heavy Nasdaq stock exchange rose to new historical highs shortly before the end of the year.

US President Resists Trump Approves Gigantic Corona Aid

On the weekend, US President Trump gave up his opposition to a corona stimulus package worth around 900 billion US dollars passed by Congress with a bipartisan majority. In doing so, he also released part of the US government budget – otherwise there would have been a so-called shutdown on Tuesday, i.e. an at least partial standstill in authorities and government business. The S&P 500 then gained 0.87 percent to 3735.36 points. For the Nasdaq 100 it went up 1.01 percent to 12,838.86 points even more strongly. “Trump must have felt the increasing public pressure,” wrote analyst Edward Moya from trading house Oanda in a market commentary. Without the signing of the aid package, many Americans would not have received any unemployment benefits. Moya called Trump’s days of refusal to sign the package an “unnecessary drama”.

Apple stock 112.24

The leading index Dow was driven not least by heavyweight Apple, whose price at the top of the index rose by 3.6 percent. This means that the tech giant’s papers were not short of another record high. With Amazon, the Google holding company Alphabet and Facebook, further tech heavyweights were wanted with markups of up to 3.6 percent. In second place in the Dow and at a record high, the shares of Walt Disney rose with a premium of three percent. In view of the high number of coronavirus infections and the associated restrictions, the papers benefited from the prospect of high access numbers to the entertainment company’s streaming offers. With Netflix, the papers of another streaming provider increased by one percent.

Disney 145.66

Corporate news was in short supply during the day. Among the small caps, Myovant Sciences jumped more than 20 percent to a record high. The biotech company is working with the pharmaceutical giant Pfizer to develop the active ingredient Relugolix, among other things, for use against cancer. For this, Myovant Science will receive an upfront payment of $ 650 million from Pfizer. The euro was trading at $ 1.2210 after the market closed. The European Central Bank (ECB) had previously set the reference rate at 1.2219 (Thursday: 1.2193) dollars, the dollar thus cost 0.8184 (0.8201) euros. On the bond market, the futures contract for ten-year US government bonds (T-Note Future) rose 0.04 percent to 137.96 points. The ten-year bond yield was 0.93 percent.

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