Economy

Wall Street with new peaks at Dow and S&P week out | Financial

Unemployment in the US rose in April to 6.1 percent of the labor force. A month earlier that was 6 percent. After the report was published, interest rates fell sharply, which was good news for tech companies, among others.

Tech gauge Nasdaq wins 0.9% on 13,753 points. The leading Dow Jones index pleases 0.7% from a record level of 34,776 points. The broad S&P 500 also gains 0.7% to 4,232 points, the highest lock level ever.

Corona vaccine

Pharmaceuticals Pfizer and BioNTech have started a procedure to authorize the corona vaccine in the US for people over 16 years old. This makes the pharmaceutical companies the first to apply for a full license for the drug. The Pfizer share won 0.9%. BioNTech was up 9.3%.

Beyond Meat also fell 7% percent. The loss of the maker of meat substitutes turned out to be much higher than what experts had generally expected. The company was also unable to meet the average expectation in terms of turnover. According to Beyond Meat, the crisis has reduced demand for its products in stores and restaurants.

Twitter

Twitter boss Jack Dorsey’s financial services provider Square delivered better-than-expected results, gaining 4.1%. The company benefited, among other things, from a growing demand for bitcoin transactions.

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