Corona care and weak jobs report push Dow into red | Financial

The Dow Jones index closed 0.5% lower. The broader S&P500 index fell 1%. The Nasdaq was down 2.2%.

President Trump’s announcement that it is a mild corona contamination, with which he continues from the quarantine but is wiping his agenda with public appearances and debates, is putting further pressure on an already uncertain election outcome, analysts told Bloomberg.

Moreover, there is no prospect of a deal on the proposed $ 2.2 billion bailout package by the Democrats. That plan was approved last night in the US House of Representatives, but a deal with the Republicans remains in the Senate.

On the morning agenda in New York was the job report for the so-called non-farm payrolls for the month of September. Analysts surveyed by Dow Jones assume an increase of 800,000 jobs, which was a cooling to 661,000, against 1.37 million new jobs in August.

Financial market volatility as measured by futures on the VIX or ‘shaky’ index shot up Friday as the election outcome in the largest economy has become more uncertain.

At stock exchanges in Asia and Europe, the mood was also depressed, driven by more corona infections and a decrease in activity in the face of uncertainty about Brexit.

Brent and WTI oil fell by another 3.8%. Brent oil, the main gauge of refinery products such as gasoline and diesel, fell below $ 40 a barrel.

Gold, on the other hand, rose 0.2% to above $ 1900 per Troy ounce (31.1 grams). But copper, used in construction projects, lost 4.3%.

The US dollar’s spot price rose 0.2%, as did the other safe haven yen.

Shares of aviation and cruise companies in particular were under pressure.

Machine builder stood in the Dow Jones Caterpillar with 2.6% at the top. Dow followed with a 2.3% gain.

Cruisevaartmaatschappij Royal Caribbean dropped 3.5%, Norwegian with 3.6% and United Airlines lost 4.7%.

Tech stocks like Amazon (-2,2%), Apple lost 3.7%, Tesla 3.5% despite 43% more quarterly sales.

Car builder Ford fell 0.5%, its third quarter car sales were down nearly 5% from last year.

A striking climber became Janus Henderson, the asset manager in which activist investor Trian took a stake – possibly to demand more returns – rose 19%. Train also took a stake in fund manager Invesco, one of the largest in the US: Invesco increased with 6.4%.

Taxi-app Uber drops 2%. Investors led by Greenbriar Equity Group put $ 500 million into Uber Freight, Uber’s logistics arm, valued at $ 3.3 billion.

Supermarket group Walmart (-0.8%) sells a majority stake in its British subsidiary Asda to an investment consortium.

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