U.S. and European exchanges closed in different directions
The main American and European indices finished Wednesday without any single dynamics. This was caused, on the one hand, by the correction, on the other hand - by the epidemiological situation in the world, because the problem of the new strain of coronavirus persists. In the United States by the end of Wednesday Dow Jones and S&P 500 rose by 0,25% and 0,17% respectively, NASDAQ fell by 0,098%. A day earlier on Tuesday the trading floors closed mostly in the red zone: the first index added 0,26%, the S&P 500 lost 0,10%, NASDAQ - 0,56%. Against the background of growing sickness rate in the U.S. the Christmas sentiment was not enough to fully support the Santa Claus rally. It should be noted that by now the NASDAQ has rallied behind the S&P 500 for the first time in 5 years. In Europe yesterday's trading ended with the DAX (Germany) and CAC 40 (France) losing 0.70% and 0.27% respectively. British FTSE 100 rose 0.66%. Before that German index was performing in the positive dynamics for 5 sessions in a row, French one - for 2 sessions. According to IG analyst Joshua Mahoney, the stock exchanges were adversely affected by the increasing number of new coronavirus diseases in Europe and the United States. In some European countries, such as France and the UK, this figure reached new record highs. The Wall Street Journal reports the analyst's words.