Equities New York Outlook: Further gains expected at the end of a record week

NEW YORK (dpa-AFX) – The US stock markets are likely to post moderate gains at the opening on Friday and thus continue their latest record series. The monthly US labor market report provided positive pre-market stimuli. The broker IG assessed the Dow Jones around three quarters of an hour before the start of trading, 0.40 percent higher to 36 268 points. This indicates a further high and a weekly gain of around 1.3 percent for the US benchmark index.

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The US economy created more jobs than expected in October. Average hourly wages increased by 0.4 percent compared with September. The labor market collapsed at times during the Corona crisis. In the meantime, however, he has recovered significantly.

Pfizer caused a sensation with a pre-market price jump of 11.5 percent. The corona vaccine manufacturer is also successful with its research on a tablet against the disease. According to the company, the drug Paxlovid reduced the number of hospital admissions for Covid-19 or death from any cause by 89 percent on Friday. The data should now be submitted as soon as possible to the US FDA, where a review process for an emergency approval is currently underway.

With the fitness equipment specialist Peloton, however, the corona boom is finally over. The New York company cut its sales forecast for the current fiscal year by up to a billion dollars. Investors reacted in shock and let the stock plummet by 32 percent in pre-market trading. Peloton now expects revenues between $ 4.4 billion and $ 4.8 billion. Three months ago the company had assumed 5.4 billion.

After the slump in the corona pandemic, business at taxi competitor Uber is recovering Further. In the third quarter, the company increased revenue 72 percent year over year. On an adjusted basis, Uber posted positive operating income for the first time, amounting to eight million dollars. Analysts had expected red numbers. Investors were taken with it and let the share rise by 2.0 percent before the market.

The apartment broker Airbnb has shaken off the corona crisis and booked its most profitable and most profitable quarter to date. The share reacted early on the market with a price increase of 4.9 percent./edh/mis

Source: dpa-AFX

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