Wall Street shows recovery from previous loss, Salesforce down

Photo: ANP

The stock markets in New York showed some recovery on Wednesday after the loss a day earlier. Salesforce, on the other hand, fell after disappointing prospects from the American software company. Investors also seem to be betting that the economic recovery will not be derailed by the new corona variant Omikron. Figures from payslip processor ADP also showed that the number of jobs in the American corporate sector increased more than expected in November.

Shortly after opening, the Dow-Jones index registered 0.8 percent in the plus at 34,741 points. The broad S&P 500 climbed 1.1 percent to 4,617 points and technology exchange Nasdaq also rose 1.1 percent to 15,700 points.

The concerns about the Omikron variant have not disappeared, even though Ugur Sahin, CEO of German vaccine maker BioNTech, told Reuters news agency that the corona vaccine from BioNTech and Pfizer probably offers good protection against a serious disease course of the variant and will prevent hospitalizations. The American Pfizer lost more than 1 percent and BioNTech more than 3 percent.

Salesforce lost more than 5 percent. The software company made more profit than expected last quarter, but expectations for the current quarter were disappointing. The company also announced that it would appoint Bret Taylor as co-CEO, alongside current CEO Marc Benioff. Taylor has been with Salesforce since acquiring his software company Quip in 2016.

Hewlett Packard Enterprise further lost about 1 percent after disappointing revenue from the IT services provider. Meal delivery company DoorDash benefited from an advice increase by securities house Gordon Haskett and rose almost 2 percent.

Major US oil producers ExxonMobil and Chevron benefited from the rebound in oil prices and rose to 2 percent. A barrel of American oil cost 3.3 percent more at $ 68.25 and Brent oil became 3.1 percent more expensive at $ 71.34.

In addition, investors were still chewing on the statements by US central bank president Jerome Powell about a possible faster phasing out of corona support to curb inflation. The euro was worth $1.1352, against $1.1277 a day earlier.

Wall Street shows recovery from previous loss, Salesforce down
Source link Wall Street shows recovery from previous loss, Salesforce down

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