keyword: iPhone 11

Disappointing quarterly reports from well-known tech giants such as Apple and Facebook weighed on the US stock exchanges on Friday. In addition, the new corona infections, which have triggered sharp price drops since Monday, continue to cause concern. The at times heavy daily losses in the Dow Jones Industrial fell sharply in the last hour of trading.

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Biggest loss since March Ultimately, the Wall Street Index declined at a moderate discount of 0, 59 Percent on 26. 501, 59 Points from trading after losing almost 2 percent at times. The minus since the beginning of the week amounts to 6.5 percent, his monthly loss to 4.6 percent. The Dow has not slumped so strongly – on a weekly or monthly basis – since March.

The market-wide S&P 500 returned on Friday at 1, 21 Percentage on 3. 269, 96 points after. The Nasdaq 96 atone for 2, 62 Percent on 11. 052, 95 counter and thus lost 5.5 percent in the past five trading days. This also means the largest loss since March for the Nasdaq selection index. The monthly minus adds up to a more moderate 3.2 percent.

Business climate improves, consumption increases Better than expected economic data initially only had a positive effect at the start of trading and dampened losses. The business climate in the important economic region of Chicago deteriorated less than expected in October. In September incomes and consumer spending also rose more than forecast.

Biggest disappointment: Apple Apple was the main disappointing company: The delayed market launch of the iPhone 11 broke the technology heavyweight a profit decline in the past quarter. For the success-spoiled share, which only climbed to a record high in early September after a share split, it fell 5.6 percent at the end of the Dow. In the course of the year so far there is still a plus of 50 Percent to book.

Facebook sagged at the end of the S&P 100 by 6.3 percent. Although the business of the social network benefited from the fact that more companies were relying on digital platforms during the Corona crisis, Facebook also warned of considerable uncertainty in the coming year. Among other things, reference was made to the unpredictable development in the advertising business due to the pandemic.

Twitter and crisis profiteer Amazon: shares lose value The world’s largest online retailer Amazon is also one of the beneficiaries of the Corona crisis and reported a great business, as the trend towards shopping on the Internet continues. The shares gave up 5.5 percent. Since the beginning of the year they have increased in share price by around 70 percent already went extremely well.

The downward trend was particularly steep for the papers from Twitter with a discount of around 21 Percentage, which is the largest daily loss since 2014 suffered. The short message service gained only one million new users in the past quarter, despite the great attention it received from the US election campaign. That disappointed the investors immensely.

Google parent company wins Alphabet shares jumped 3.8 percent. Booming advertising income and a strong cloud business ensured a leap in profits at the Google parent company in the third quarter despite the corona pandemic.

The euro was 1,

at the end of Wall Street. dollars traded. The European Central Bank previously set the reference rate in Frankfurt at 1, 1698 (Thursday: 1, 1704) dollar fixed. The dollar cost 0, 8549 (0, 8544) Euro. On the US bond market, the futures contract for ten-year Treasuries (T-Note-Future) lost 0, 24 Percent on 100 ,13 Points. The yield on the ten-year bond was 0. 501 percent.

(tiw)