NEW YORK (dpa-AFX) – After four profit days in a row, the US stock markets started with mostly slight losses in the last trading day of the week. The dominant topic on the market remains the exciting race for the White House, in which the chances for President Donald Trump’s Democratic challenger Joe Biden have recently improved. The US labor market data had a slightly positive influence on the quotations.
The Dow Jones Industrial (Dow Jones 30 Industrial) fell 0.20 percent to 28,334.38 points in early trading on Friday. This adds up to the Dow plus this week to just under seven percent, with which the leading index made up for its 6.5 percent loss from the previous week. The market-wide S&P 500 lost 0.14 percent to 3505.58 points on Friday. The NASDAQ 100 lost 0.54 percent to 12,012.26 points.
In the US presidential election, Joe Biden came a huge step closer to the White House. Biden was in the lead on Friday in the vote count in four of five states that were still contested. He overtook incumbents Donald Trump also 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.
On the US job market the recovery 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 particularly positively with a gain of 6.0 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 6.2 percent.
There was also news from the computer game manufacturer Electronic Arts, which disappointed with its outlook. The shares fell 7.5 percent./edh/he
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