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Monday 9 November 2020: US equity markets settled little changed after a strong week post a deadlocked presidential election

Monday 9 November 2020:  US equity markets settled little changed after a strong week post a deadlocked presidential election
Nov 8, 2020 · 6m 21s

US equity markets settled little changed after a strong week post a deadlocked presidential election - Dow -67-points or -0.24% . UnitedHealth Group Inc (down -1.96%) was the worst performing...

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US equity markets settled little changed after a strong week post a deadlocked presidential election - Dow -67-points or -0.24% . UnitedHealth Group Inc (down -1.96%) was the worst performing Dow constituent. The broader S&P500 dipped -0.03%, with Energy (down -2.14%) and Financials (-0.81%) the key primary sector drags and offsetting gains for Consumer Staples (up +0.44%) and Information Technology (+0.30%). T-Mobile US Inc gained +5.37% after reporting that a surge of new subscribers helped it to deliver strong third-quarter results after the close of last Thursday’s session that prompted broker upgrades. Nasdaq inched +0.04% higher. Streaming company Roku Inc jumped +12.57% after logging a much better-than-expected third quarter result after the close of the previous session. The company on posted earnings per share (EPS) of US$0.09 cents on US$452M in revenue versus analysts’ projections for a loss of -US$0.40c and US$366M revenue. Roku did not provide formal fourth quarter guidance but said it expects quarterly revenue to grow in the mid-40% range year over year.
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Author Morgans Financial Limited
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