Home » today » News » ROUNDUP / New York Equities: Little change – Dow turns moderately into positive territory | 10/22/20

ROUNDUP / New York Equities: Little change – Dow turns moderately into positive territory | 10/22/20

NEW YORK (dpa-AFX) – On Wall Street, investors also acted cautiously on Thursday. At least the Dow Jones Industrial (Dow Jones 30 Industrial) and the market-wide S&P 500, important stock indices, were able to shake off initial slight losses.

The upcoming presidential election and new corona infections remain in focus. Shortly before election day at the beginning of November, the number of new weekly applications for unemployment benefits in the USA fell due to the ongoing Corona crisis, but it remains at a high level. Meanwhile, the spokeswoman for the House of Representatives, Democrat Nancy Pelosi, said that an agreement had almost been reached in the negotiations on the Corona aid package for the economy.

The Dow was last 0.13 percent at 28 248.55 points. The S&P 500 went up 0.15 percent to 3440.65 points, while the technology-heavy NASDAQ 100 was still 0.36 percent in the red and was listed at 11 622.8 points.

Among the individual stocks in the Dow, the shares of Coca-Cola rose 1.6 percent after the presentation of quarterly figures. After the Corona slump, the situation eased again somewhat in the third quarter and the beverage manufacturer exceeded the average analyst forecasts in terms of both sales and profits.

On the Nasdaq, the focus was on Tesla shares (Tesla). The papers of the electric car manufacturer rose by around two percent, because for the fifth time in a row a quarterly profit was reported. The ambitious annual target of delivering half a million vehicles was also confirmed.

Among the favorites in the S&P 500, AT&T shares soared by around six percent. The telecommunications and media group was still heavily burdened by the pandemic in the third quarter, but not as severely as feared. / La / he


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