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New York Equities Outlook: Hardly Changed – Mostly Positive Quarterly Reports | 10/22/20

NEW YORK (dpa-AFX) – Investors on the US stock exchanges are likely to hold back a little with equity exposures on Thursday. Around three quarters of an hour before the start of trading, the broker IG assessed the Dow Jones Industrial (Dow Jones 30 Industrial), which has recently been flagging again, with minus 0.12 percent to 28,178 points. The technology-heavy Nasdaq stock exchange is expected to grow moderately.

The upcoming US presidential elections and new corona infections remain in focus. In addition, there are a number of annual reports for the past quarter, which were overall rather positive.

Among the individual values ​​in the Dow, after the submission of quarterly figures, the shares of Coca-Cola are likely to be in view, which rose by 2.5 percent before the market. The situation relaxed somewhat in the third quarter of the year after the Corona slump and the beverage manufacturer exceeded the average analyst forecast in terms of both sales and profits.

On Nasdaq, it is Tesla shares that should catch the eye of market watchers. Before the trading session, the electric car manufacturer’s papers went up by 4.3 percent, as a quarterly profit was reported for the fifth time in a row. The ambitious annual target of delivering half a million vehicles was also confirmed.

The AT&T papers (AT&T) gained 3.5 percent before trading began. The telecommunications and media group was still heavily impacted by the pandemic in the third quarter, but not as severely as feared.

American Airlines (American Airlines), however, continued to suffer severely due to Corona and also posted deep red numbers in the past quarter. Tens of thousands of employees are threatened with losing their jobs – also because a US government aid program for the industry expired at the end of September. The airline’s papers slumped by 1.6 percent before the trading day./ck/jha/

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