NYSE closes down but Dow rose 11,8% in November

Falls on Wall Street that don't drown the party: the Dow Jones closes its best month since 1987. Oil falls. The world oil markets hope that OPEC and Russia will agree, until this Tuesday, to postpone the increase in oil supply, scheduled for January, due to the slowdown in consumption caused by the second wave of Covid-19.

A trader wears glasses that say “2017” ahead of the new year on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City, US, December 30, 2016. REUTERS / Stephen Yang

The New York Stock Exchange closed the last session of November in fall. But the Dow Jones rose 11,8% in November, which has not happened since 1987.

Wall Street ended Monday with the Dow Jones down -0,91% to 29.638,6 points; the S&P 500 decreased -0,51% to 3.619,8 points; and the Nasdaq fell -0,06% to 12.98,7 points.

Of course, Dow Jones' losses, close to 1%, are not enough to obscure what may be his best month since 1987.

The indices dropped after Reuters reported that the Donald Trump administration, before handing over power to Joe Biden, is considering blacklisting SMIC, the Chinese chip leader.

Investors bet on the shares of Moderna, which rises more than 17% after having confirmed the effectiveness of 94,1% of its vaccine against Covid. As announced on Monday, the biotechnology company Moderna Therapeutics will ask for the green light for its emergency use in both the United States and Europe.

The group thus follows in the footsteps of the American Pfizer, which a few days ago requested authorization from the FDA to distribute its vaccine. In the European case, we must remember that the Old Continent bought 160 million doses just a week ago, which it must now approve to be distributed.

On the business side, Nikola's strong declines stand out. The electric truck maker falls more than 25% after General Motors modified the agreement reached last September and backed down on the decision to have a shareholding.

S&P Global and IHS Markit were also in the news after it was learned that the former would be interested in acquiring the latter for $ 44 billion.

Today, oil has been falling. West Texas crude dropped 0,77% to $ 45,18 a barrel.

The world oil markets expect OPEC and Russia to agree, on Monday and Tuesday, to postpone the increase in oil supply, scheduled for January, due to the slowdown in consumption caused by the second wave of covid-19.

Angola was today elected to the rotating presidency of the conference of ministers of the Organization of Petroleum Exporting Countries (OPEC) in 2021, replacing Algeria.

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