After the price slump on Wednesday, Wall Street is likely to start trading with little change at first. A good three quarters of an hour before the start on Thursday, the trading house IG assessed the Dow Jones Industrial hardly moved at 26,523 points.
In the middle of the week, the worsening corona crisis had caused growing fears among investors. The most important stock indices fell between 3.4 and 3.9 percent.
A little tailwind came from the economic side: After the economic slump due to the Corona crisis in the second quarter, the US economy grew strongly in the third quarter. The gross domestic product increased from July to September by an annualized 33.1 percent and thus exceeded market expectations.
Meanwhile, the reporting season for companies is entering another round. The second largest US automaker, Ford, increased
the profit in the third quarter strong. In pre-market US trading, the shares rose by a good four percent.
At the online trading platform Ebay Business in the corona pandemic continues to run smoothly. The total sales volume processed, however, increased less than in the previous quarter. This raised concerns that the crisis-related boom might be over by now. This fell the papers in the pre-trading business by more than four percent.
The corona crisis meanwhile resulted in Visa to another slump in profits. The credit card giant suffered particularly from a slump in international payments. Since the pandemic paralyzes travel, lucrative hotel and flight bookings, which are often paid for with credit cards, are no longer available. Before the trading day, the shares went down by 0.5 percent./la/stk
ISIN US2605661048 US6311011026 US78378X1072
AXC0332 2020-10-29/13:54
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