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Intel shines on Wall Street after announcing new CEO | Financial

The leading Dow Jones index was slightly lower in trading at 31,060.47 points. The broad S&P 500 rose 0.2 percent to 3809.84 points. Tech gauge Nasdaq advanced 0.4 percent to 13,128.95 points.

GM won just under 2 percent. The automaker is entering electric driving with its new subsidiary BrightDrop. BrightDrop focuses on the market for vans with a plug. It will also become active in the field of fleet services and management.

Johnson & Johnson

There was also attention for pharmaceutical company Johnson & Johnson, which lost a fraction. The medicine maker expects to have more clarity about the effect of the corona drug at the end of next month. Unlike other vaccines, the medicine with a Dutch touch only needs to be administered once.

Investors’ eyes are also on the House of Representatives, which is voting on the impeachment process for incumbent President Donald Trump. This is because of the storming of the Capitol by Trump supporters last week. Trump is accused of inciting the crowd, repeating allegations of ballot box fraud in the election he lost. Incidentally, there is no evidence for this.

Boeing

Boeing lost 0.6 percent in market value. The aircraft maker delivered nearly 60 percent fewer aircraft last year. The corona pandemic put many airlines in serious financial trouble, causing them to postpone massive investments in new aircraft. In addition, the company struggled with the safety issue surrounding the 737 MAX.

Credit card company Visa won 0.3 percent. The company ended the $ 5.3 billion acquisition of technology company Plaid. This is due to competition concerns in the US. Dropbox also lost 6.3 percent. The cloud file storage service announced it plans to cut 11 percent of its workforce.

The euro was worth $ 1.2159, up from 1.2170 earlier in the day. A barrel of American oil cost 0.6 percent less at $ 52.89. Brent oil became 2.6 percent more expensive at $ 57.10 a barrel.

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