Wall Street is threatened with significant losses on Friday in view of the corona infection of US President Donald Trump. The labor market report for September showed surprisingly low job growth, which also depressed the mood.
The broker IG assessed the Dow Jones Industrial before the start of trading 1.76 percent lower at 27,328 points. The weekly plus of the US leading index would thus shrink to a good half a percent.
With regard to Trump’s corona infection, a market watcher spoke of a “great shock”, which naturally reduces investors’ willingness to take risks. The American presidential election will take place in just over a month. Because of his quarantine, Trump is now missing election campaign events in three important contested US states, with Florida being especially important, added market strategist Stephen Innes from broker Axi.
Even positive company news had a hard time in the weakly expected market environment. So did Tesla Shares fell over five and a half percent pre-market after the recent recovery, although the electric car maker had reported surprisingly good sales figures for the third quarter.
The title of the ailing smaller Tesla competitor Nikola dropped by eight percent after the price jump from the previous day. Considerations from the auto giant General Motors (GM) about a higher stake did not impress investors. GM shares lost just under three percent.
Walmart Shares were 1.7 percent weaker with the market, despite the retail group’s announcement that it would sell a large part of its stake in grocer Asda in the UK to investors for £ 6.8 billion. However, Walmart expects a loss of 2.5 billion US dollars in connection with the sale in the coming year./gl/jha/
ISIN US2605661048 US6311011026 US78378X1072
AXC0265 2020-10-02/15:22
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