Stocks New York Outlook: Slight losses – US election and job data in focus | message

NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) is likely to start the last trading day of the week with slight losses after four profitable days in a row. Broker IG valued the leading US index on Friday 0.25 percent lower at 28,320 points. The all-important topic on the market remains the exciting race for the White House.

Joe Biden has come one step closer to the White House. Incumbent’s Democratic challenger Donald Trump also took the lead in the count in the particularly hard-fought state of Georgia. The counting of votes in the key state of Pennsylvania also made rapid progress.

Trump’s chances of a second term of office are therefore getting smaller. He should emerge as the winner in the counts in all states that are still open – Alaska, Arizona, Georgia, Nevada, North Carolina, Pennsylvania. According to the published election data, it did not look like that.

The monthly data from US job market. The recovery there accelerated in October: Employment rose more than expected and the unemployment rate fell more sharply than previously forecast.

In terms of the individual stocks, T-Mobile-US (T-Mobile (ex T-Mobile US)) should please investors. 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 of the US subsidiary, which is important for Telekom. After taking over Sprint, T-Mobile US is making good progress in leveraging synergies, according to UBS, for example. T-Mobile-US shares rose 5.7 percent in early US trading.

However, the world’s largest transport service provider Uber is still suffering from the corona pandemic and again suffered a heavy loss in the third quarter. Primarily it went down with the papers by 0.6 percent.

There was also news from the game manufacturers Electronic Arts and Take-Two Interactive (Take Two): While the latter surprised positively with its business figures, Electronic Arts (EA) disappointed with its outlook. EA stocks fell by more than seven percent, while Take-Two Interactive’s rose three and a half percent./la/fba

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