Home » today » News » Stocks New York Outlook: Slight losses – US election and job data in focus | 11/06/20

Stocks New York Outlook: Slight losses – US election and job data in focus | 11/06/20

NEW YORK (dpa-AFX) – The Dow Jones Industrial (Dow Jones 30 Industrial) should start after four profit days in a row, initially with slight losses in the last trading day of the week. Broker IG valued the leading US index on Friday 0.25 percent lower at 28,320 points. The dominant topic on the market remains the exciting race for the White House.

Joe Biden has come one step closer to the White House. Incumbent’s Democratic challenger Donald Trump also took the lead in the count in the particularly hard-fought state of Georgia. The electoral count in the key state of Pennsylvania was also progressing rapidly.

Trump’s chances of a second term of office are therefore getting smaller. He should emerge victorious in the counts in all states that are still open – Alaska, Arizona, Georgia, Nevada, North Carolina, Pennsylvania. According to the published election data, it did not look like that.

The monthly data from US job market. The recovery accelerated there in October: Employment rose faster than expected and the unemployment rate fell more sharply than previously forecast.

In terms of the individual stocks, T-Mobile-US (T-Mobile (ex T-Mobile US)) should please investors. 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 of the US subsidiary, which is important for Telekom. After the Sprint takeover, T-Mobile US is making good progress in leveraging synergies, according to UBS. T-Mobile-US shares rose 5.7 percent in pre-market US trading.

The world’s largest travel agent Uber, however, continues to groan under the corona pandemic and again suffered a high loss in the third quarter. Before the trading session, the paper went down by 0.6 percent.

There was also news from the game manufacturers Electronic Arts and Take-Two Interactive (Take Two): While the latter surprised positively with its business figures, Electronic Arts (EA) disappointed with its outlook. EA stocks fell more than seven percent early on, while Take-Two Interactive’s rose three and a half percent./la/fba

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