NEW YORK (dpa-AFX) – Little changes and no clear direction, the US stock markets closed a profitable week on Friday. The exciting race for the US presidency was once again the dominant topic on the market. The chances for President Donald Trump’s Democratic challenger Joe Biden have improved significantly recently. New US labor market data had a slightly positive effect on prices.
The Dow Jones Industrial (Dow Jones 30 Industrial) ended with a minus of 0.24 percent at 28,323.40 points. However, this resulted in a solid weekly gain of almost 7 percent, with which the leading index more than made up for its previous week’s loss of around 6.5 percent. The market-wide S&P 500 closed on Friday 0.03 percent lower at 3509.44 meters. The NASDAQ 100 rose 0.11 percent to 12,091.35 points.
In the US presidential election, Joe Biden came a huge step closer to the White House. On Friday, he was in the lead when counting votes in four of five states that were still contested, overtaking incumbent Donald Trump in Georgia and Pennsylvania. However, his lead is still very narrow. Trump made it clear that he did not want to come to terms with defeat.
The recovery on the US labor market accelerated in October: employment rose faster than expected and the unemployment rate fell more sharply than previously forecast.
Among the individual values, T-Mobile US (T-Mobile (ex T-Mobile US)) stood out positively with a gain of 5.4 percent. The US subsidiary of the Bonn Telecom Group (Deutsche Telekom) continues to defy the Corona crisis after taking over smaller rival Sprint. After the third quarter, T-Mobile US boss Mike Sievert raised the targets for operating profit and customer growth. Analysts praised the strong quarterly figures across the board.
The world’s largest travel agent Uber suffered a heavy loss in the third quarter due to the corona pandemic. The investors had apparently expected worse, because the papers rose by 6.9 percent.
There was also news from the computer game manufacturer Electronic Arts, which disappointed with its outlook. The shares fell 7.1 percent.
The euro was last listed at $ 1.1879. The European Central Bank (ECB) had set the reference rate at 1.1870 (Thursday: 1.1855) US dollars. The dollar had thus cost 0.8425 (0.8435) euros. On the bond market, the futures contract for ten-year Treasuries (T-Note-Future) fell by 0.27 percent to 138.57 points. The yield on the ten-year bond was 0.82 percent./edh/he
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